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Fast fashion powerhouse Forever 21 files ground-shaking petition in court: 'Consumers are waking up'

Summary by thecooldown.com
Forever 21 filed for Chapter 11 bankruptcy, prompting fashion experts to speculate about a downward trend in the fast fashion industry.  After thriving for many years, consumer demand is shifting away from fast-fashion business models like Forever 21.  What's happening? As Retail TouchPoints reported, Forever 21 has faced slowing sales and increased competition. Meanwhile, sustainable business models like secondhand clothing websites and subscri…
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Forever 21

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