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Started By
Message
Forever 21 is going belly up
Posted on 3/17/25 at 1:40 pm
Posted on 3/17/25 at 1:40 pm
They were already in trouble, but now say there's no way to save their stores. They specifically blame ultra-cheap Chinese shops for their extinction.
No buyers have emerged, so, buh bye.
CNBC
quote:
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for bids if a buyer is willing to take on its inventory and keep running its stores, court filings show.
No buyers have emerged, so, buh bye.
CNBC
16
Posted on 3/17/25 at 1:41 pm to DesScorp
Can honestly say that I don’t think anyone gives a frick
Posted on 3/17/25 at 1:41 pm to DesScorp
I guess that they are not Forever then.
Posted on 3/17/25 at 1:43 pm to HeadCall
quote:
Can honestly say that I don’t think anyone gives a frick
I get that sentiment, but this is just another in a long line of U.S. retailers that are being put out of business by Amazon and Shein selling the same Chinese crap at lower prices.
The only thing still propping up the existing mall retail stores are old people who buy brown shoes and dress pants every 5 years.
Posted on 3/17/25 at 1:43 pm to DesScorp
quote:
blamed fast-fashion e-tailers Shein and Temu for its demise
they sell the same exact cheap shite. shein and temu just do it for a fraction of the cost. sucks to suck
Posted on 3/17/25 at 1:44 pm to DesScorp
This is strategic IMO. Their parent company went through a merger earlier this year.
If it wasn’t posted here I may never have known it ever existed much less closed up.
If it wasn’t posted here I may never have known it ever existed much less closed up.
This post was edited on 3/17/25 at 1:46 pm
Posted on 3/17/25 at 1:44 pm to DesScorp
Posted on 3/17/25 at 1:45 pm to jmcwhrter
quote:
get that sentiment, but this is just another in a long line of U.S. retailers that are being put out of business by Amazon and Shein selling the same Chinese crap at lower prices.
Pretty sure all these retailers were selling Chinese crap all along, you just had to drive to a store to buy it instead of getting it delivered to your front door.
Posted on 3/17/25 at 1:47 pm to DesScorp
Forever (chapter) 13
Posted on 3/17/25 at 1:48 pm to DesScorp
They used to be a business that had a Christian faith. As soon as they turned woke and started putting rainbow flags on their windows, they started struggling
Posted on 3/17/25 at 1:55 pm to DesScorp
It’s because Canada slapped a huge tariff on midriffs.
Posted on 3/17/25 at 2:03 pm to DesScorp
are those mannequins wearing covid masks? if so, i'm glad they're going out of business.
Posted on 3/17/25 at 2:09 pm to DesScorp
Forever Chapter 11
Posted on 3/17/25 at 2:17 pm to DesScorp
Hard to believe Chinese online stores are the real reason
This post was edited on 3/17/25 at 2:18 pm
Posted on 3/17/25 at 2:30 pm to IT_Dawg
Damn, used to hang out there for hours.
Posted on 3/17/25 at 2:35 pm to CatsGoneWild
yeah I am pretty sure THAT is what caused it.....
Posted on 3/17/25 at 2:36 pm to DesScorp
chicks finally figured out they couldn't actually stay 21 forever?
Posted on 3/17/25 at 2:51 pm to DesScorp
Sorry baw. Haven’t been in a mall in about 8 years
Posted on 3/17/25 at 2:59 pm to DesScorp
Guess I just dont care much about this one.
Posted on 3/17/25 at 3:10 pm to DesScorp
They are/ were just a brick and mortar version of shein. Nether of which are good for the us economy. But at least forever 21 hires actual people in the US and lease commercial space in the US.
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