So Long, Farewell Forever 21?
According to several sources, our favorite, cheap go-to for weekends and vacations is filing for bankruptcy. Several reports state that the fashion retailers' cash is continuously decreasing and turnaround opportunities are slim to none. In hopes of reducing debt, it is said that the parent company of Forever 21 will have to close underperforming stores.
Several major news sources have requested a comment from Forever 21 representatives, but they all have declined.
In order to make a complete turnaround, the only option for survival is to close stores and break store leases. The next step is to give Forever 21 a complete makeover. In this case, a smaller, more organized company equals a bigger profit and success.
Will shoppers be able to save tons on one more fall season or be forced to find a new go-to?
