Tag: Forever 21

February 27, 2020

Authentic Brands Group, Simon Property Group and Brookfield Property Partners rescued Forever 21. Now, the fast-fashion chain’s new owners have found a chief executive officer in the person of Daniel Kulle, a 20-year veteran of H&M. Mr. Kulle most recently […]

February 12, 2020

The list of stakeholders who objected ahead of Tuesday’s hearing ran into the dozens. Landlords and suppliers alike are concerned they will lose millions as Forever 21 sells to the buyer group for $81 million, a relatively paltry price for […]

February 3, 2020

Forever 21 has reached an $81 million deal to sell its retail business to a group that includes Simon Property Group, Brookfield Property Partners and Authentic Brands. Forever 21 said in a bankruptcy court filing it is seeking approval to […]

January 7, 2020

Forever 21’s bankruptcy for many observers is a sign of the times — of the demand for sustainability and good value that is seen as the catalyst for growth in apparel rental and resale. At least in the U.S., that […]

October 4, 2019

Forever 21 at its peak did more than $4 billion in sales, drawing in fast-fashion shoppers with low prices. But the company expanded too fast, especially internationally, stretching its supply chain thin and struggling to gain traction with shoppers, according […]

October 2, 2019

Forever 21’s Chapter 11 filing is the latest reminder that the economic climate for many sectors of retail is still brutal. So far this year there have been more than 7,000 store closures — more than any full-year total to […]

August 29, 2019

It’s been a tough year for fashion retailers. Charming Charlie filed its second bankruptcy inside of two years with plans to liquidate its store operations and put its brand property for sale, while Charlotte Russe also opted to liquidate in […]

April 26, 2019

Retailers from Tiffany to Walmart in recent years have set up shop in China in search of sales. The country’s massive population includes a rising middle class and its economic expansion has been the envy of the world for years. […]

October 1, 2018

This deal is somewhat incongruous, as it has a fast-fashion retailer investing in an upscale, personal styling service. DailyLook not only offers more premium brands compared to rival apparel box service Stitch Fix, but also charges more for its services […]

September 21, 2017

In a new report released today, ShareIQ tracks how fast-fashion brands shared visual content on social media and how successful those brands were in driving engagement, finding that H&M, Topshop/Topman and Forever 21 led the pack in engagements per image […]

June 29, 2017

Forever 21 is revamping both its front-end and back-end systems, unifying its POS solution across the chain as well as its peripherals and store technology. The fashion retailer announced that is has selected Toshiba Global Commerce Solutions to provide the […]

April 20, 2017

In a recent consumer survey, the top apparel retailers for Generation Z shoppers—those aged 20 and under—include fast-fashion chains H&M and Forever 21. Overall and for all demographics, Amazon was rated the most popular way to buy fashion items, but […]

April 6, 2017

Forever 21 announced a major expansion of its F21 Red division. The fast-fashion retailer plans to open more than 40 F21 stores across the United States in 2017. The first three are scheduled to open in April, in San Antonio, […]

January 6, 2017

Amazon.com Inc. and Forever 21 Inc. are considering making bids for bankrupt retailer American Apparel Inc., according to a person familiar with the situation. Authentic Brands Group LLC, which owns Aeropostale and Juicy Couture, is also mulling an offer, said […]