Malls Thread

[kagalingan]

Sabi ko sa inyo eh. Madami pinapadapa si uniqlo and h&m.

Next na dapat magclose na cotton on.

Forever 21 files for bankruptcy
Reuters

Posted at Sep 30 2019 09:56 AM | Updated as of Sep 30 2019 12:46 PM


People walk by the clothing retailer Forever 21 in New York City, U.S., September 12, 2019. Shannon Stapleton, Reuters

(UPDATE) Fashion retailer Forever 21 Inc said on Sunday it has filed for Chapter 11 bankruptcy protection to restructure its business, joining a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition.

The company said it plans to exit most of its international locations in Asia and Europe, but will continue operations in Mexico and Latin America.

The retailer said it received $275 million in financing from its existing lenders with JPMorgan Chase Bank, N.A. as agent, and $75 million in new capital from TPG Sixth Street Partners, and certain of its affiliated funds.

It lists both assets and liabilities in the range of $1 billion to $10 billion, according to the court filing in the U.S. Bankruptcy Court for the District of Delaware.

Since the start of 2017, more than 20 U.S. retailers, including Sears Holdings Corp and Toys 'R' Us, have filed for bankruptcy, succumbing to the onslaught of fierce e-commerce competition from Amazon Inc.

Forever 21 files for bankruptcy | ABS-CBN News

[uls]

Sabi ko sa inyo eh. Madami pinapadapa si uniqlo and h&m.

Next na dapat magclose na cotton on.





Forever 21 files for bankruptcy | ABS-CBN News

walang kinalaman ang uniqlo at h&m sa pag bagsak ng Forever21

[kagalingan]

^
what im trying to point out eh philippine setting kung sino dapag magclose.

nagkataon lang balitang america yan.

bulk ng customer kay uniqlo and h&m na.

190 tshirt pag sale. Saan ka pa.

Kaya nga i can wear shirt, jeans, shoes 1thou all-in

all year sale. Patayan ngayon sa ready to wear.

[yubby24]

Kaya pala ang daming may bitbit na Forever 21 na paper bag sa megamall kahapon. Nakasale pala sila.

[2lits17]

I'm also waiting for H&M to follow and fold. pero mukhang may bumibili pa din sa kanila kahit mga damit nila parang lampin at tissue paper sa nipis tapos halagang 1,000 pesoses pataas ang damit..... mas ok pa din uniqlo ayos lang quality tapos abot kaya ang halaga.

[uls]

Actually it's surprising that Forever21's bankruptcy took this long

wala na pumapasok sa mga tindahan nila... and they have so many stores and the square footage of the stores are huge

other apparel chains closed unproductive stores but F21 didn't (stupid)

People reduced trips to physical stores coz of online shopping

F21 failed to evolve

other apparel companies improved their game

A&F invested in quality, Zara also (and higher prices)

but F21 stuck to cheap stuff parin

so kalaban nila mga discounters -- Target, Walmart, TJ Maxx

walang kalaban laban F21

[minicarph]

hinda pala forever

[minicarph]

pag nag file na ng bankruptcy, cotton on, signing off na. cotton off

[yubby24]

hinda pala forever

Walang forever.