search
Glossy Logo
Glossy Logo
Subscribe Login
  • Glossy+ Member Subscribe Now
  • Glossy+ homepage
  • My account
  • FAQ
  • Newsletters
  • Log out

Ten seats left: Attend the Glossy Beauty & Wellness Summit Nov. 3-5 in Newport Beach

  • Beauty
  • Fashion
  • Glossy+
  • Podcasts
  • Events
  • Awards
  • Pop
search
Glossy Logo

Ten seats left: Attend the Glossy Beauty & Wellness Summit Nov. 3-5 in Newport Beach

Subscribe Login
  • Glossy+ Member Subscribe Now
  • Glossy+ homepage
  • My account
  • FAQ
  • Newsletters
  • Log out
  • Beauty
  • Fashion
  • Pop
  • Glossy+
  • Events
  • Podcasts
  • Newsletters
  • facebook
  • twitter
  • linkedin
  • instagram
  • email
  • email
Fashion

Forever 21’s problems indicate a bigger crunch for traditional fast-fashion retailers

  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
By Anna Hensel
Jun 19, 2019

This story first appeared on Modern Retail, Glossy’s sister publication covering retail’s transformation.

Fast-fashion retailer Forever 21 continues to explore restructuring options, the Wall Street Journal reported on Tuesday. The company is reportedly looking for help getting out of some store leases, as well as getting a new loan, in an effort to avoid filing for bankruptcy.

Forever 21’s trouble stems from its large-format store strategy: As of last year, Forever 21 has more than 815 stores in 57 countries. Its expensive international operational business has been a suck on resources, according to employees, and in the U.S., Forever 21’s stores are largely mall-bound: Mall retail group Macerich said that Forever 21 was its second-largest tenant in 2018, accounting for 2.5% of real estate. In 2017, even as big, sprawling stores and malls were facing restructuring and closures, rather than open smaller-format stores, Forever 21 instead doubled down on retail by opening a series of F21 Red Stores. These stores offer even cheaper prices than Forever 21, which sells $5 T-shirts and $15 jeans. Please visit Modern Retail for the full story.

  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
Related reads
  • The Glossy Fashion Podcast
    Glossy Podcast: Victoria’s Secret’s new era, Gucci’s EU fine and Armani’s leadership change — plus, Ty Haney on Outdoor Voices 2.0
  • Member Exclusive
    Fashion Briefing: Good American revisits Dolly Parton collab as fashion’s interest in westernwear grows
  • Fashion
    Victoria’s Secret creative director Adam Selman on the evolution of the fashion show
Latest Stories
  • Glossy Pop Newsletter
    Glossy Pop Newsletter: Lancôme is making moves to become every bride’s go-to glam
  • The Glossy Fashion Podcast
    Glossy Podcast: Victoria’s Secret’s new era, Gucci’s EU fine and Armani’s leadership change — plus, Ty Haney on Outdoor Voices 2.0
  • Member Exclusive
    Fashion Briefing: Good American revisits Dolly Parton collab as fashion’s interest in westernwear grows
logo

Get news and analysis about fashion, beauty and culture delivered to your inbox every morning.

Reach Out
  • Facebook
  • Twitter
  • Linkedin
  • Instagram
  • Threads
  • Email
About Us
  • About Us
  • Masthead
  • Advertise with us
  • Digiday Media
  • Custom
  • FAQ
  • Privacy Policy
  • Terms & Conditions
©2025 Digiday Media. All rights reserved.