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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.

Even the discounters are feeling the pinch these days. Chain Filene's Basement is planning to close 11 of its 36 locations nationwide because the company was unable to negotiate rent reductions for those spaces. "Stores to be closed are in Framingham, Mass.; three in Maryland, two in Illinois, two in Pennsylvania, and one each in New Jersey, New York, and Virginia. [Boston.com via Consumerist]