Parent company Gildan Activewear is producing American Apparel wholesale shirts in Honduras and Nicaragua. The Canadian company said in February that it would continue manufacturing American Apparel shirts in the US.
Bebe will reportedly close its brick-and-mortar locations to be an online brand. The women's retailer said in February that it would close 25 stores, the latest U.S. brand to buckle under the shift toward e-commerce.
Liquidator Gordon Brothers Group won the auction on Thursday for the intellectual property of the Wet Seal LLC with a bid of $3 million, besting the $1.5 million offer from Canadian retailer YM Inc, according to sources.
Toronto-based retail operator YM Inc is said to be preparing an offer for the intellectual property of The Wet Seal, as the 55-year-old U.S. teen retailer grapples with its second bankruptcy in the past two years.
Canada's Gildan Activewear plans to keep making key styles from its recently acquired American Apparel brand in the United States but will also manufacture some products elsewhere, a company spokesman said on Thursday.