Hipsters looking for overpriced basics should get to American Apparel in Uptown soon, as recent statements from the chain indicate that the store could kick it at any second.
"We incurred losses from operations and negative cash flows from operating activities for the six months ended June 30, 2015 and such losses might continue for the remainder of 2015," reads the release. "... [W]e believe that we may not have sufficient liquidity necessary to sustain operations for the next twelve months. These factors, among others, raise substantial doubt that we may be able to continue as a going concern. "
So it's not looking good for the controversial brand that sells impressively bland clothes. While the company is looking to refinance, stocks have dropped a whopping 86.8 percent this year, and last quarter sales dipped 17 percent.
If you need end-of-summer crop tops, or something with '80s-style spandex, you best go there now.
Meanwhile, things are looking good locally for shoppers. Rosedale Center has been in the news lately about a massive project that if approved by the city will most likely begin in the fall.
The details are sparse, as representatives of the mall are being very hush-hush. What we do know is that a 140,000-square-foot, two-story addition has been proposed. The construction would be on the northeast corner, in between JC Penny and the restaurant hub near the AMC. A parking deck is also being planned, and overall renovations to the mall are slated.
There has been no word on which retailer would be going into the space; Herberger's, JC Penny, and Macy's are already there.