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How Forever 21 Plummeted From $4B in Sales to Twice Bankrupt | WSJ What Went Wrong

Forever 21 was once the premier shopping destination for teens who wanted cheap and fashionable clothing. But now, the fast fashion pioneer is filing for its second Chapter 11 bankruptcy. After being bought out by licensing firm Authentic Brands Group and real-estate companies Simon Property Group and Brookfield Property Partners, Forever 21 struggled against Asian e-commerce powerhouses like Shein and Temu.

WSJ breaks down how its own market toppled the fast fashion giant.

Chapters:
0:00 Forever 21’s troubles
0:34 The rise
1:55 Turning point
3:18 The buyout
4:17 Second bankruptcy
5:16 What’s next?

What Went Wrong explores the challenging conditions and decisions that led to a company's downturn.

#Forever21 #Fashion #WSJ



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If you are doing over $1m a year with ecommerce, join me with weekly calls here: https://www.dailymentor.co/

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🛍️ Trial Shopify: https://shopify.pxf.io/WDvJgJ
🥇 Trend Rocket: https://www.trendrocket.io/
🗣️ Gorgias: https://gorgias.grsm.io/davie
🐋 Triple Whale:  https://triplewhale.grsm.io/daviefogarty


SOCIAL MEDIA:
🌍 My website: https://www.daviefogarty.com/
📸 Instagram: https://www.instagram.com/daviefogarty/
📱 TikTok: https://www.tiktok.com/@daviefogarty
🐦 Twitter: https://twitter.com/daviefogarty
👨‍💻 Linkedin: https://www.linkedin.com/in/daviefogarty


WATCH NEXT:
1️⃣ How I Went from $500 to Half a Billion in 5 Years: https://www.youtube.com/watch?v=Mt1P7p9HmkU
2️⃣ COMPLETE Shopify Tutorial for Beginners 2023 - Build A Profitable Shopify Store From Scratch: https://www.youtube.com/watch?v=T2tagxLhlv4


WHO AM I?
Hey, if we haven’t met before, I’m the owner and founder of 'The Oodie', one of Australia's fastest growing ecommerce brands.

DISCLAIMER: The content provided in this YouTube video is for informational purposes only and should not be considered as professional advice. Any recommendations, reviews, or opinions expressed are based on personal experiences and research, and individual results may vary. Viewers are encouraged to conduct their own due diligence and consult with relevant professionals before making any purchasing decisions or implementing strategies discussed in this video. The creator of this content shall not be held liable for any direct, indirect, incidental, or consequential damages arising from the use of information presented herein.



Forever 21 Files for Bankruptcy—Again

Forever 21 was once the premier shopping destination for teens who wanted cheap and fashionable clothing. Now, Forever 21 is filing for bankruptcy, again.⁠

WSJ breaks down how fast fashion—its own market—toppled the retailer.⁠

#Forever21 #Retail #Shorts



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Are you ready to become a millionaire? Get my free branded dropshipping course at millionaires.com

I don't sell to beginners, get my 100% free ecommerce course here: https://bit.ly/3R3l1K0 (you will be prompted to launch a new store using AI)

If you are doing over $1m a year with ecommerce, join me with weekly calls here: https://www.dailymentor.co/

Join the Millionaires.com Discord to ask questions: https://discord.gg/daviefogarty

MY FAVOURITE TOOLS & GEAR (affiliate links so they might have an offer):
🛍️ Trial Shopify: https://shopify.pxf.io/WDvJgJ
🥇 Trend Rocket: https://www.trendrocket.io/
🗣️ Gorgias: https://gorgias.grsm.io/davie
🐋 Triple Whale:  https://triplewhale.grsm.io/daviefogarty


SOCIAL MEDIA:
🌍 My website: https://www.daviefogarty.com/
📸 Instagram: https://www.instagram.com/daviefogarty/
📱 TikTok: https://www.tiktok.com/@daviefogarty
🐦 Twitter: https://twitter.com/daviefogarty
👨‍💻 Linkedin: https://www.linkedin.com/in/daviefogarty


WATCH NEXT:
1️⃣ How I Went from $500 to Half a Billion in 5 Years: https://www.youtube.com/watch?v=Mt1P7p9HmkU
2️⃣ COMPLETE Shopify Tutorial for Beginners 2023 - Build A Profitable Shopify Store From Scratch: https://www.youtube.com/watch?v=T2tagxLhlv4


WHO AM I?
Hey, if we haven’t met before, I’m the owner and founder of 'The Oodie', one of Australia's fastest growing ecommerce brands.

DISCLAIMER: The content provided in this YouTube video is for informational purposes only and should not be considered as professional advice. Any recommendations, reviews, or opinions expressed are based on personal experiences and research, and individual results may vary. Viewers are encouraged to conduct their own due diligence and consult with relevant professionals before making any purchasing decisions or implementing strategies discussed in this video. The creator of this content shall not be held liable for any direct, indirect, incidental, or consequential damages arising from the use of information presented herein.


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