Forever 21 files for bankruptcy: What it means for retail
Sapna Maheshwari, The New York Times
Posted at Sep 30 12:45 PM
Forever 21, the California retailer that helped popularize fast fashion in the United States with its bustling stores and $5 tops, said on Sunday night that it would file for bankruptcy, a sign of the eroding power of shopping malls and the shifting tastes of young consumers.
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