- Interesting to see Forever 21 file for bankruptcy.
- They experienced huge growth that was perhaps too much to swallow.
- “We went from seven countries to 47 countries within a less-than-six-year time frame and with that came a lot of complexity” EVP Linda Chang.
- Clearly online competition and declining mall traffic (F21 was big in malls) were the key culprits.
- Full story here from NYT.
