Forever 21 files for bankruptcy, adding to retail apocalypse

Business Sep 30, 2019

Forever 21 files for bankruptcy, adding to retail apocalypse

Forever 21 Inc. has filed for bankruptcy protection, adding another big fashion merchant to the tally of retailers who couldn't cope with high rents and heavy competition. Court papers filed in the Bankruptcy Court for the District of Delaware show Forever 21 has estimated liabilities ...

Forever 21 to pull out of Japan by late October

Business / Corporate Sep 25, 2019

Forever 21 to pull out of Japan by late October

The Japanese unit of fast fashion retailer Forever 21 Inc. said Wednesday it will close all 14 stores in the country and its online shop by the end of October amid intensifying competition with other online apparel retailers. The company did not explain the reason ...