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Forever 21 to Close 200 Stores as it Considers Second Bankruptcy

Retail TouchPoints

The news follows rumblings last week that the retailer was struggling to maintain its sprawling brick-and-mortar presence amid increased competition in the fast fashion sector. While a bankruptcy filing isnt certain to happen, its goal would be to find a buyer for Forever 21s remaining U.S. stores, reports Bloomberg. In the U.S.,

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Study: Resale to Hit $47B by 2025, Giving Fast Fashion a Run for its Money

Retail TouchPoints

Growing Sustainability Concerns Favor Resale Over Fast Fashion. It appears that much of that growth will come at the expense of fast fashion. consumers in the next 10 years, fast fashion’s portion will remain roughly flat. Fast fashion and thrift are very similar in a lot of ways,” said Clark.

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New Fast Fashion Powerhouse: Shein Teams Up with Forever 21

Retail TouchPoints

Forever 21 has been seeking to expand its omnichannel offerings as a way to stay relevant with Gen Z consumers, which it sees as key to avoiding a repetition of strategies that led to its 2019 bankruptcy. has accused China of committing genocide and using forced labor in its repression of Muslim Uyghurs.

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Experts weigh in on Forever 21’s future amidst layoffs and store closures

Inside Retail

However, after several years of diminishing sales in an increasingly competitive fast-fashion market, rumors have been spreading about Forever 21 declaring Chapter 11 bankruptcy for the second time. Basically, the competitive bar is now set a lot higher in fast fashion, and Forever 21 has had trouble getting over it.

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Missguided, alas: UK fast-fashion label collapses owing millions

Inside Retail

UK-headquartered online fast-fashion retailer Missguided has collapsed after a last-minute rescue backed by rival Boohoo – and potential bids by Shein, JD Sports and Frasers Group – all fell through. The post Missguided, alas: UK fast-fashion label collapses owing millions appeared first on Inside Retail.

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Missguided, alas: UK fast-fashion label collapses owing millions

Inside Retail

UK-headquartered online fast-fashion retailer Missguided has collapsed after a last-minute rescue backed by rival Boohoo – and potential bids by Shein, JD Sports and Frasers Group – all fell through. The post Missguided, alas: UK fast-fashion label collapses owing millions appeared first on Inside Retail.

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Barneys New York Finds a New Home at Forever 21

Retail TouchPoints

Just in time for New York Fashion Week, the iconic, now defunct luxury department store Barneys New York has made its return to fashion, albeit not in a way that many of the brand’s devotees would have imagined. Fast fashion retailer Forever 21 has released a limited-edition collection featuring the Barneys brand.