CNBC on MSN11d
Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise
Forever 21 blamed its second bankruptcy on rising competition from upstarts like Shein and Temu and their use of the de ...
Fox Business10d
Forever 21 store closures accelerated by competition from Shein and Temu
Shein and Temu offer a range of products and clothing at low prices. The companies face criticism over labor practices, environmental concerns, and business ethics such as intellectual property ...
Newsday11d
Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection
The company also faced stiff competition from the likes of Shein and Temu, which churn out trendy items that are cheaper than what Forever 21 offers. For example, Forever 21 sells T-shirts for ...
Benzinga.com11d
Forever 21 Files For Bankruptcy: CFO Cites Competition From 'Foreign Fast Fashion Companies' Like Shein, Temu
The CFO points to intense competition from international fast-fashion retailers like Shein and Temu. Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street ...
NBC 10 Philadelphia11d
Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise
Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer's operating company is ...