Another Hudson Valley Retailer Plans To File For Bankruptcy
A retailer with multiple locations in the Hudson Valley is considering bankruptcy, following suit of many other brick and mortar stores this year.
The days of fast fashion and physical stores are slowly dwindling as another shopping mall giant is preparing plans to file for bankruptcy. According to Forbes, Forever 21 is the latest store that plans to file for bankruptcy amid declining sales. Forever 21 is one of the biggest American shopping mall tenants.
Forbes magazine reports that it is estimated that sales dropped by 20%-25% last year. Forever 21 is a privately-owned company and does not release financial records. Forever 21 has 815 stores in the U.S., Canada, Europe, Japan, Korea, and the Philippines.
As someone who is the target demographic of Forever 21, it doesn't surprise me the company plans to file for bankruptcy. The clothes constantly fall apart and it's a nightmare to shop through the messy racks with minimal size selection. Good luck seeing something online and finding it in-store, because the stock rarely matches up.
Within the Hudson Valley, Forever 21 has locations in Poughkeepsie, Middletown, Harriman, Nyack, and more.
Listen to Afternoons With Taylor weekdays from 2PM to 7PM through your Now 97.7 app. Connect with Now 97.7 on Facebook, Instagram and Twitter.
- Where in the Hudson Valley Should 'A Quiet Place 2' Be Filmed?
- What Is A 'Garbage Plate' And Why Doesn't The Hudson Valley Have Them?
- Hudson Valley Schools Dominate As Best in New York
- The 10 Dumbest Laws in NY
- Ulster County Chocolatier Makes The World's Best Chocolate