The Mommy Stylist
Dare to be bare with sexy sheer fashions for spring
Mar 26, 2013 | 12:49 pm
Sheer garments are hot for spring, and moms will love them for their versatility, breathability and — dare we say it — sex appeal.
Sheer garments are hot for spring, and moms will love them for their versatility, breathability and — dare we say it — sex appeal.
Shopping News
Fashion giant Forever 21, known for its stylish clothes at a budget price, has filed for bankruptcy and will close all store locations, including nine across Dallas-Fort Worth.
The Los Angeles-based company, which sells trendy fast fashion and accessories for women, men, and children, announced its bankruptcy in a statement on Sunday, March 16. This is the second time Forever 21 has filed for bankruptcy since 2019, when it was sold to Authentic Brands Group, Simon Properties Group, and Brookfield Property.
"While we have evaluated all options to best position the company for the future, we have been unable to find a sustainable path forward, given competition from foreign fast fashion companies," said the parent company's CFO Brad Sell in a statement.
The physical and online stores will remain open for now as they prepare for an "orderly wind down" in the U.S. They'll also hold liquidation sales while conducting a court-supervised sale and looking for a buyer.
The nine Dallas-Fort Worth locations include:
Forever 21 was founded as a single store in 1984 by husband-and-wife duo Jin Sook and Do Won Chang after they emigrated from South Korea to Los Angeles. It went on to become one of the most recognizable names in "fast fashion" — the term for inexpensive clothing that follows high-fashion trends, and is manufactured and hurried to market, often to be discarded just as quickly.
They went on to open more than 800 stores worldwide, including 549 in the U.S. — some occupying massive footprints exceeding 35,000 square feet.
Acquiring designer-inspired looks quickly and cheaply was initially a revelation, but their fortunes peaked in 2015. In recent years, younger environmentally-conscious shoppers have eschewed an industry that hinges on wasteful disposability.
Forever 21’s locations outside of the United States are operated by other licensees and are not included in the bankruptcy filings. The Forever 21 locations outside the U.S. and its international e-commerce sites will continue operating as usual.
"We are also grateful for the many years of support from our partners and our loyal customers, who have allowed us to serve as a fashion industry leader and go-to retailer for generations,” Sell said.
Other Texas locations include: