Forever 21: 4 Reasons it Failed & Filed for Bankruptcy
Indigo 9 Digital
FEBRUARY 28, 2023
Inditex, Zara’s parent company planned to close up to 1,200 stores by the end of 2022 and open 450 new stores. If you can’t move all of the inventory then markdowns are required which eats into sales per sq. In 2014 Forever 21 opened F21 Red which sells even cheaper basics targeted at the whole family.
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