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Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Teenage Russian retail mogul Kira Plastinina, who within the past year went from a virtual unknown in the states to opening 12 huge US stores, may have to close all of her stateside locations soon. "Difficulties were pegged to the declining fortunes of Plastinina’s father, Sergei Plastinin, a tycoon in the dairy and fruit business in Russia, who bankrolled the U.S. rollout and was heavily invested in the Russian stock market. Shortcomings in how the chain was operated and the impact of the recession in the U.S. were also cited." [WWD, subscription req]