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The Guardian

Forever 21, global fast fashion retailer, files for bankruptcy

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Struggling empire is the latest bricks-and-mortar outfit to suffer as shopping moves online Fashion retailer Forever 21 has filed for Chapter 11 bankruptcy, joining a growing list of bricks-and-mortar players who have failed to navigate the shift towards online shopping.Since the start of 2017, more than 20 US retailers, including Sears Holdings Corp and Toys ‘R’ Us, have filed for bankruptcy as more customers shift to online retailers such as Amazon. Continue reading…



Source link : https://www.theguardian.com/business/2019/sep/30/forever-21-global-fast-fashion-retailer-files-for-bankruptcy

Author : Reuters

Publish date : 2019-09-30 03:56:26

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