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Forever 21 reportedly eyeing bankruptcy

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 Chapter 11. Plenty of others are in distress or grappling with falling sales.

Many of those retailers have common problems: falling mall traffic, heavy discounting in apparel, off-price and other discounters encroaching on their market share, shifts to e-commerce, heavy debt loads, changing habits in the apparel space and shifts in consumer spending patterns from products to experiences.

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