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Forever 21 is reportedly planning to file for bankruptcy, losing the fight to survive in the retail wasteland.

Aug 30 2019

Forever 21 is reportedly planning to file for bankruptcy, losing the fight to survive in the retail wasteland. Fast fashion giants have struggled to adapt to young consumers’ shifting shopping preferences, as more opt for sustainable, high-quality goods. Filing for bankruptcy would allow Forever 21 to do what many other retailers have done: Downsize their IRL presence by shutting down poor-performing stores. (Bloomberg)