Forever 21: 4 Reasons it Failed & Filed for Bankruptcy
Indigo 9 Digital
FEBRUARY 28, 2023
Shein is vertically integrated allowing it to go from design to shipping in as little as three days. If you can’t move all of the inventory then markdowns are required which eats into sales per sq. Between 2018 and 2019 Forever 21’s stores in Canada, Europe and Asia lost approximately $10 million per month. billion in 2019.
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