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Tag: forever

The biggest mall owner in the US thinks it can turn around Forever 21

Simon Property Group CEO David Simon Anjali Sundaram | CNBC The biggest mall owner in the U.S., Simon Property Group, said it has its work cut out for it, as it makes a bid to salvage bankrupted apparel retailer Forever 21. But it thinks it can turn things around. “With Forever 21, we do think …

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Forever 21 in deal to sell itself for bargain price of $81 million

Forever 21 is looking to sell its retail business to a group that includes two of its biggest landlords. According to documents filed in bankruptcy court, the fast-fashion chain has reached an agreement to sell its assets to a group of buyers that includes Simon Property Group Inc., Brookfield Property Partners and licensing firm Authentic …

Forever 21 in deal to sell itself for bargain price of $81 millionRead More

Forever 21 in deal to sell itself for bargain price of $81 million

Forever 21 is looking to sell its retail business to a group that includes two of its biggest landlords. According to documents filed in bankruptcy court, the fast-fashion chain has reached an agreement to sell its assets to a group of buyers that includes Simon Property Group Inc., Brookfield Property Partners and Authentic Brands Group …

Forever 21 in deal to sell itself for bargain price of $81 millionRead More

Forever 21 reaches deal to sell its retail business for $81 million

People enter a Forever 21 store at a shopping mall in Montebello, California on September 30, 2019 a day after the fashion retailer filed for Chapter 11 bankruptcy protection. Frederic J. Brown | AFP | Getty Images Forever 21 has reached an $81 million deal to sell its retail business to a group that includes …

Forever 21 reaches deal to sell its retail business for $81 millionRead More

Forever 21 seeks to sell itself at auction to keep brand alive

Get great content like this right in your inbox. Subscribe Forever 21 is running out of options. The fast-fashion retailer has asked a bankruptcy court to approve an auction, an option that the chain hopes would keep it alive as a going business. Forever 21 filed for Chapter 11 bankruptcy protection in September, with a …

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Verizon: Holidays don’t last forever for e-retailers

Get great content like this right in your inbox. Subscribe What goes up must come down, including online retail traffic. According to the Verizon Holiday Retail Index, post-New Year’s Day e-commerce traffic slid from the peak reached during the holiday season. For Jan. 2-5, 2020, e-commerce traffic showed an average increase of 6%, following solid …

Verizon: Holidays don’t last forever for e-retailersRead More

Forever 21 repositions its global presence

Bankrupt fast-fashion apparel retailer Forever 21 is focusing on e-commerce for its international offering. Forever 21, which filed for Chapter 11 bankruptcy protection in September 2019, is launching a renewed, localized online store for consumers in Canada, Asia, Asia-Pacific and Latin America. This offering enables shoppers in target markets to purchase in their local currency …

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Forever 21 among bankruptcies that rocked the retail industry in 2019

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images 2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and an vastly different …

Forever 21 among bankruptcies that rocked the retail industry in 2019Read More

Forever 21 hires expert to help with brand transformation

Get great content like this right in your inbox. Subscribe Forever 21 has hired a marketing expert to lead its efforts to redefine and transform its brand. The struggling fast-fashion retailer said it has retained Marisa Thalberg, former global chief brand officer of Taco Bell and current strategic advisor to Yum! Brands (parent of Taco …

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Forever 21 hires expert to help with brand transformation

Get great content like this right in your inbox. Subscribe Forever 21 has hired a marketing expert to lead its efforts to redefine and transform its brand. The struggling fast-fashion retailer said it has retained Marisa Thalberg, former global chief brand officer of Taco Bell and current strategic advisor to Yum! Brands (parent of Taco …

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