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.
That was fast: It looks like that $15 million Dov Charney recently received from investors to bailout American Apparel is almost gone. The money went to "satisfying debts," including money owed to Bank of America and a little pesky thing called paying your stores' rent. But, as the Post points out, it is almost summer, so booming sales of unisex tank tops and skimpy bikinis have to be on the horizon, somewhere. [NY Post]