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The Limited Private-equity backed The Limitedis closing all 250 of its stores nationwide , resulting in 4,000 job cuts, according to the Associated Press. "We're sad to say that all The Limited stores nationwide have officially closed their doors," the company said in a statement on its website. "But this isn't goodbye. The styles you love are still available online -- We're just a click away 24 hours a day." The mall staple sold work-appropriate clothes for women at reasonable prices.Meanwhile, Ann Taylor/Ann Taylor Loft ( ANN ) is probably laughing maniacally while sipping spiked coffee and making "there can only be one highlander" jokes. American Apparel Apparel maker Gildan Activewear ( GIL ) recently purchased American Apparel at auction for $88 million in cash. The deal includes intellectual property rights and certain manufacturing equipment, but Gildan will not be purchasing any retail stores . "We see strong potential to grow American Apparel sales by leveraging our extensive printwear distribution networks in North America and internationally to drive further market share penetration in the fashion basics segment of these markets," Gildan CEO Glenn Chamandy said in a statement. In other words, if you're a fan of metallic leotards get thee to an AA storewhile it still exists and there's a liquidation sale. Claire's Lower-end prom accessories and debt payments apparently go hand in hand in 2017. Brian Sozzi reported that "Claire's Stores could be in the same position as Limited Stores later this year." Given that Claire's still operates 2,800 stand-alone retail outposts and hundreds more concessions pop-ups in retailers like Toys 'R' Us, its closings would cause more of a splash than the shuttering of Limited stories.
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