Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe
PYMNTS
SEPTEMBER 30, 2019
The company is struggling with online competition and changing clothing trends, like sustainable fashion and secondhand clothing. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported. The 35-year-old company has 815 stores in 57 countries, over 500 of them in the US.
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