The Threadless store at 3011 N. Broadway when it opened in 2007. (Michael Tercha/Chicago Tribune / January 13, 2014)

Crain's Chicago Business is reporting:  Lauded Chicago-based tech start-up Threadless, an online T-shirt company that crowdsources designs, has laid off more than a quarter of its staff and closed its Lakeview store. The CEO says the company has reorganized and will pursue retail expansion through other channels.

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