The retailer’s US operating company filed for bankruptcy Sunday — for the second time in six years — in a court in Delaware, citing fierce competition from foreign fast fashion retailers. It marks the end of an era for a clothing brand that introduced many teens to fast fashion.

  • TimeSquirrel
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    421 day ago

    Alright! Just in time for me to open up Forever 42. We’ll specialize in cargo shorts and socks with sandals. Also some skater shoes, JNCOs, and NIN/Deftones shirts for the aging 90s kids.

    Edit: actually, I think I just described Hot Topic…

  • @wise_pancake@lemmy.ca
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    181 day ago

    Sad to see that they failed because people want even shittier business practices and cheaper worse products.

    I never liked fast fashion, and I hate that it’s even more disposable now.

  • ✺roguetrick✺
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    1 day ago

    Finally, news that’s impactful for Lemmy’s userbase.

    citing fierce competition from foreign fast fashion retailers

    Like anything they sold was domestically produced in the first place

  • Tiefling IRL
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    24 hours ago

    Good, it’s shit quality clothing and everything is 2 sizes too small. A Forever 21 large is like a small-medium anywhere else.

    • Zerlyna
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      71 day ago

      It’s more convoluted. Simon Malls has a stake in catalyst brands which owns Forever 21 JCPenney and SHEIN. Yes, that SHEIN.

      • @kikutwo@lemmy.world
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        41 day ago

        Amazing. I have a Simon mall right next to work and there are several stores taken up by private retail who sell nothing more than hats or junk t shirts. They must have way below market rent.

        • @st3ph3n@midwest.social
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          224 hours ago

          I think mall landlords will do that if occupancy drops low enough, because once your mall gets known for being a dead mall, you’re fucked.

          • partial_accumen
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            314 hours ago

            There’s a dying local mall that has an ever increasing number of interior mall storefronts rented out to an ugly furniture store. Its a larger two story sprawling mall. The last time I was there a couple of years ago they must have had 15 to 20 store spaces with all the walls knocked out in one giant contiguous space. I fully expect more storefronts fall to the mushroom like furniture store slowly feeding on the decomposing body of the dying mall.

  • Tarquinn2049
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    51 day ago

    Wish there was just a store that covered all the fads all the time. We all know they are going to keep cycling around, why not let some of us pick a spot on the wheel to stay in forever. Instead of having to wait for it to come back in style and stock back up then.