It has been experiencing a decrease in revenue since 2008. They currently have two different accounting firms trying to make sense of their situation, but it doesn't look good for the future. CEO Dov Charney claims to not know anything about the current problems and is being accused of burying his head in the sand.
I really like American Apparel and am a big fan of their leggings, so would be sad to see them disappear. How about you – are you a fan of this store?