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Forever 21 Files For Bankruptcy: CFO Cites Competition From 'Foreign Fast Fashion Companies' Like Shein, Temu
Monday, March 17, 2025 - 1:01pm | 447Forever 21’s U.S. operating company announced on Sunday that it has filed for Chapter 11 bankruptcy, marking the retailer's second bankruptcy in six years. The Details: F21 OpCo, LLC, which operates the fast-fashion retailer in the United States, said in a statement that Forever 21 is...
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Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO: What Investors Should Know
Tuesday, May 25, 2021 - 1:02pm | 477The owner of several retail brands and a licensing business could hit the public markets with a $10 billion IPO being explored for 2021. What Happened: Authentic Brands is the owner of Aeropostale, Brooks Brothers, Juicy Couture, Forever 21, Barneys New York, Airwalk, Frederick’s of...
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Fintech Focus For September 17, 2020
Wednesday, September 16, 2020 - 6:17pm | 2478Quote Of The Day: It is hard to fail but it is worse never to have tried to succeed. - Theodore Roosevelt Fintech Movers: The global fintech sector faces an "existential crisis", says McKinsey, as sources of funding dry up. - Finextra What’s the outlook for crypto brokerages....
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What The Truck?!? – IT Chapter 11: Carrier Bankruptcy
Tuesday, October 1, 2019 - 5:06pm | 108On today's episode a carrier downsizes while another files for bankruptcy, Forever 21's bad luck, the GM strike, this week's Pricing Power Index, Emily Szink knows what's a Big Deal and what's a Little Deal, Market Expert Trivia is China Rising, and so much more. Bang your cowbell for October 1st...
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Forever 21 Canada's Bankruptcy Filings Reveal Transport Partners
Tuesday, October 1, 2019 - 10:12am | 336As bankrupt fashion retailer Forever 21 announced plans to unwind its entire Canadian operation and close all 44 of its stores, court documents shed light on the impact of its transportation and logistics providers. "We had hoped for a different outcome, but after years of poor performance and...
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Forever 21 Files For Bankruptcy
Monday, September 30, 2019 - 9:04am | 404Forever 21, Inc. has filed for bankruptcy and its U.S. subsidiaries have filed voluntary Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware, the retailer said in a late Sunday press release. Chapter 11 generally provides for reorganization and usually involves a...
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Forever 21 Reportedly Close To Bankruptcy Filing
Thursday, August 29, 2019 - 10:11am | 411Specialty retailer Forever 21 was founded in 1984 by a Korean couple who wanted to bring Korean-themed fashion items to the U.S. market. The chain is reportedly close to filing for bankruptcy, Bloomberg reported Wednesday. What Happened Forever 21 evolved from one store in Los Angeles to its...
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These 'Game Of Thrones' Characters Are Eerily Similar To Real-World CEOs
Sunday, July 16, 2017 - 1:04pm | 1372"Game of Thrones" returns to the airwaves for its seventh season Sunday night. According to Variety, the Time Warner Inc (NYSE: TWX)'s HBO premiere tv series averaged 23.3 million multiplatform views during its sixth season and is primed to become even more popular in the seventh....
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Retail's Changing Landscape: Here's What You Need To Know
Wednesday, May 11, 2016 - 4:09pm | 258Is there a fundamental shift in retail going on? According to CNBC's Courtney Reagan, there most certainly is. Here's what you need to know. Reagan argued that a shift in consumer spending habits continues to shape the retail landscape. While this change hasn't happened overnight...
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40 Big Brands Likely Returning To Argentina With The Government Change
Tuesday, December 8, 2015 - 11:09am | 515A few weeks ago, Argentina had its first-ever presidential runoff. Center-right wing candidate Mauricio Macri (and his party, Cambiemos) won with roughly 51.3 percent of the votes, while the center-left wing candidate (with the current ruling party, Frente Para La Victoria) received about 48.6...
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The 10 Worst Companies To Work For
Tuesday, June 30, 2015 - 3:33pm | 626The site 24/7 Wall St. recently compiled its annual list of the worst companies to work for in the U.S., using data and job reviews from career website Glassdoor.com. Company rankings were determined based on employee ratings on Glassdoor, which ranged from 2.7 to 2.3 out of 5 for the 10...
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Wall Street's Reaction To Gap's Q1 Earnings
Friday, May 22, 2015 - 1:13pm | 506Gap Inc (NYSE: GPS) reported a decline in its earnings for the first quarter on Thursday. Here is how some of Wall Street's top retail analysts responded. Topeka: Q1 As Expected In a brief note, Dorothy Lakner said Gap's first quarter print came in as expected, with reaffirmed...
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Mounting Foreign Exchange Pressure, Outdated Business Models Puts These 2 Retailers At Risk
Friday, February 13, 2015 - 11:38am | 273Christian Buss of Credit Suisse on Friday commented in a note that deflationary pressure in the U.S. apparel market and mounting foreign exchange headwinds puts in to question a potential earnings turnaround for both Gap Inc (NYSE: GPS) and Abercrombie & Fitch Co. (NYSE: ANF) in 2015. According...
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Brian Sozzi: 3 'Headline-Grabbing' Surprises To Follow In 2015
Tuesday, December 9, 2014 - 9:32am | 307Brian Sozzi of Belus Capital Advisors wrote in an article on The Street that 2014 was full of “headline-grabbing” surprises for retailers and investors can expect many more in 2015. Sozzi lists three themes to look out for in 2015. Teen Apparel Store Closures According to Sozzi, specialty retailers...
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BYE FELICIA: Millennials And Why Teen Retail Tanked
Thursday, December 4, 2014 - 5:16pm | 751There was a lovely article in The Wall Street Journal Thursday morning on teen retailers Abercrombie & Fitch (NYSE: ANF) and Aeropostale (NYSE: ARO) and the lackluster performance to date. Thanks for that. Yet the authors neglected to mention the most important thing: Why? One of the...