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Band of Outsiders may be on its last legs. Fashionista reports that the 11-year-old brand has laid off the majority of its staff and has canceled all of its wholesale orders for the next season, even though Band of Outsiders just launched a massive flagship in NYC last fall. The brand has yet to confirm or deny the report. Update: Band of Outsiders's massive NYC flagship is reportedly closing at the end of June after being in business for less than a year.