I could really care less either way if I can purchase anything from them again, but, it is tragic that it would put that many people out of work, especially in the LA area.
I do have to say, though...we are all talking in this thread as though it is a done deal. Is it?
I think they over-expanded too quickly, their merchandise lost quality, and that is why they find themselves in the place they are.
All wouldn't be lost if they closed half- 3/4 of their stores, right?
I can't imagine them going completely under.
Their biggest mistake, I think, is that they didn't change seasonally. For instance, my favorite shirt was the 50/25/25 tri-blend. They haven't introduced a new color since February 09. How many plain t-shirts can one person have? If they had rotated colors seasonally (and kept their sizing and craftsmanship consistent), they could have kept me hooked. Once I had all the colors (or most of them), I was done. But, instead, they kept introducing new styles, without maintaining interest in different versions of the styles that were already popular. Many people, like myself, and most of us here, were/are interested in basics from AA, but could care less about a coat or pants from them.
I wonder if they will really go bankrupt and shutter all their stores. There's gonna be a lot of skinny pseudo-hipsters out of work if that is the case, but, more or equally sadly, many American factory workers.
I know I can find a t-shirt somewhere else.