US EditionForever 21 files for bankruptcy, closes all U.S. stores amid financial struggles
- Forever 21 has filed for bankruptcy protection for the second time and will close all U.S. stores while evaluating future business options with partners or through selling assets.
- F21 OpCo noted they could not find a sustainable path due to competition from foreign fast-fashion brands, according to Chief Financial Officer Brad Sell.
- Neil Saunders from GlobalData stated that Forever 21's current store sizes contribute to its struggles in the market.
355 Articles
355 Articles
The internet is mourning Forever 21
Forever 21? More like Never 21, am I right, fellas?According to CNBC, the fast-fashion company filed for bankruptcy protection for the second time in six years and plans to close all its U.S. stores. People online are devastated. It's the end of an era, and Forever 21 — and the internet — are blaming other fast-fashion retailers like Shein and Temu. This Tweet is currently unavailable. It might be loading or has been removed. This Tweet is curr…
The clothing chain, Forever 21 is giving something to talk about, after the fashion retailer declared bankruptcy in the United States.Because of the effects that have hit Forever 21 in the face of rising inflation and competition, so stores like Temu and Shein have been part of this.But what happened to Forever 21?Here we tell you what happened and the influence that Temu and Shein have had that led to bankruptcy.Forever 21 declares bankruptcy; …
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