Across the street, thousands of riders using Capitol Hill Station seem like good targets to turn into customers. The store’s space below four floors of apartments in the 1924-built Capitol Building would seem to be a valuable commodity. Like the AA bankruptcy, the financial situation behind the restaurant was to blame. The imminent American Apparel closure will follow the sudden shuttering of the overhauled Charlie’s earlier this month. Given the bankruptcy payment schedule, we don’t advise holding your breath waiting for the check. Industry analysts say the closures could happen within the week.įull disclosure: CHS is still owed a few thousand for American Apparel advertising. “The company’s colorful garments and provocative advertising quickly caught on with young fashionistas.” But what followed was debt and, eventually, bankruptcy that left the dwindling chain unable to recover.Ī call to the Broadway store didn’t reveal any information about the closure here on Capitol Hill with an employee informing CHS that no American Apparel employees are authorized to speak with the media.
“Founder Dov Charney charted a maverick path when he moved a nascent American Apparel to Los Angeles in 1997 and began manufacturing its cotton basics in the region,” the LA Times writes. The American Apparel store at Broadway and John will be one of 110 stores across the country as well as its Los Angeles headquarters set to be shut down after the financially troubled retailer that was once valued at more than $1 billion was acquired in a bankruptcy sale earlier this month for $88 million. There is about to be another empty commercial space on Broadway but this time the economic forces that are driving the closure extend well beyond Capitol Hill.
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