‘We know what not to do’: Oak embarks on new, American Apparel-free era

In early 2016, following the first of American Apparel’s two bankruptcies, Louis Terline and Jeff Madalena bought back Oak — the indie boutique they launched in 2003 — from the now defunct chain, which had acquired it two and a half years before. Since then, Madalena and Terline have been rebuilding their business, with a strong focus on downsizing stores and changing up inventory.Read the full article