If you want a neon crop top or scratchy hoodie, you better act fast! 
 
 The L.A. Times is reporting that American Apparel will close its Los Angeles headquarters and all of its remaining 110 U.S. store locations by the end of April. Earlier this year, Canadian brand Gildan Activewear won an auction to acquire the failing brand's intellectual property and some of its manufacturing equipment for $88 million. Sadly, the closures will most likely result in the loss of 3,400 American factory positions. 
 
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 “[Gildan does] have a plan, and that plan doesn’t involve U.S. manufacturing and certainly not Los Angeles manufacturing,” said Lloyd Greif, chief executive of investment banking firm Greif & Co. who is not involved in the deal. 
 
 Founded in 1989, the brand was known for its made in America, sweatshop free policies, as well as it's sexy/raunchy ad campaigns and sleazy owner, Dov Charney. (Charney is no longer affiliated with the company; he was forced out in a 2014 boardroom coup.) 
 
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 Gildan agreed to pay $88 million to buy American Apparel's intellectual property and some manufacturing equipment. The company had no interest in American Apparel's 110 U.S. stores, and opted not to assume leases on its distribution center in La Mirada and production facilities in Garden Grove and South Gate, Gildan spokesman Garry Bell said. Employees at those manufacturing facilities and the firm's downtown L.A. headquarters — more than 3,400 in total — could be out of work within days.
– Ending a two-decade run of clothing made in California, American Apparel will shut its remaining 110 stores, reports the Los Angeles Times. The long-troubled company, which declared bankruptcy in 2015, has sold to Canadian clothing company Gildan Activewear for $88 million, a transaction that "was always about buying assets out of bankruptcy," per a Gildan rep. "The reality is this wasn't a purchase of an ongoing concern." Along with the shuttered stores, almost 3,500 employees will lose their jobs, notes Cosmopolitan. "[Gildan does] have a plan, and that plan doesn’t involve US manufacturing and certainly not Los Angeles manufacturing," says an investment banker not involved in the deal. Ousted founder Dov Charney made a hail-Mary bid to buy his former enterprise, but couldn't swing the financing. "This is not a business that should have gone out of business," he tells the Times.