Looks like people are getting tired of paying upwards of 20 bucks for sheer cotton t-shirts. According to the Huffington Post, bankruptcy is a real possibility for American Apparel. The Los Angeles-based company has reported a series of quarterly losses and is in the process of renegotiating its credit agreement (read: bad). I’m all for their sweatshop-free practices, but how about raising cash by throwing a massive staying-in-business sale!
