Why Forever 21 will probably go bankrupt and disappear


Why Forever 21 will probably go bankrupt and disappear


Forever 21 has been eaten alive by the new monsters in retail today, digital shopping and ginormous discount stores finally offering hot fashion at their always good prices.

An inability to evolve internally has also hampered Forever 21.

One of the formerly go-to destinations for disposable fashion is preparing a potential bankruptcy filing, according to a new Bloomberg report. With cash flow declining and turnaround plans not working, Forever 21 had reportedly sought additional financing and a debt restructuring. But those talks have stalled, per Bloomberg, and now the company may look to take a debtor-in-possession loan and enter Chapter 11 reorganization.

In other words, here comes a lot of store closures...

   ...more

RSK: Cheaply made and cheaply priced doesn`t cut it anymore.

Share this article on you social outlets



Our Sponsors
- - Volume: 7 - WEEK: 36 Date: 9/3/2019 7:26:15 AM -