The operator of Forever 21 filed for bankruptcy on Sunday due to growing competition from foreign fast fashion companies, such as Shein and Temu.
The fast-fashion retailer’s store closures create an opportunity for stronger tenants that can pay higher rents.
The company, which helped popularize fast fashion in the United States, has struggled to compete with online retailers. It is the company’s second bankruptcy filing in six years.
Forever 21 filed for bankruptcy for the second time on March 16, citing "foreign fast fashion companies" as a source of ...
The Forever 21 in the Mall at Johnson City closed on Sunday, leaving a large space vacant on the mall’s top floor. The ...
Forever 21 was once the premier shopping destination for teens who wanted cheap and fashionable clothing. Now, it is filing for bankruptcy, again. WSJ breaks down how fast fashion—its own ...
Fashion retailer Forever 21 has filed for bankruptcy and is preparing to shut down all store locations in the United States.
Forever 21 filed for bankruptcy — again. Sunday's filing marked the brand's second bankruptcy, as it previously filed in 2019. The company, which is expected to shut down all of its US stores ...
Forever 21's business operator filed for bankruptcy and said that all stores will close by May 1 after closing sales. Here ...
Forever 21, who has sold affordable clothing for men and women since 1984, has filed for bankruptcy and will start closing ...
Fast fashion brand Forever 21’s parent company has filed for bankruptcy, a move expected after previously announcing a number ...