BREAKING: Hipsters Use Groupon

The Dastardly Dreaded Groupon Effect strikes again! Over the fourth quarter of last year, American Apparel, that purveyor of domestic

The Dastardly Dreaded Groupon Effect strikes again! Over the fourth quarter of last year, American Apparel, that purveyor of domestic made goods for the would-be “fat hooker” market, racked up impressive sales. But that doesn’t mean they’re seeing the profits.

According to the New York Post, a flurry of Groupon discounts nationwide cut into margins. Despite doing a brisk business selling daily deals on “cardigans, corduroys and sexy leggings,” the Groupon offering may have cut American Apparel’s profits by nearly half last year. Read More

BREAKING: Hipsters Use Groupon