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Forever 21, Which Helped Popularize Fast Fashion, to File for Bankruptcy

262 pointsby SREinSFover 5 years ago

15 comments

proverbialbunnyover 5 years ago
Back in &#x27;08-&#x27;09 Forever 21 was my favorite clothing store. They had styles there that fit well, looked good, used comfortable fabric, and was relatively cheap. Given how the economy was doing at the time, it gave Forever 21 an advantage: clothes 2-3x cheaper and clothes quite a bit more enjoyable to wear.<p>But the fabric they used disintegrated on me, as woman&#x27;s clothes tend to. (Men get thicker fabric, but at the expense of being less stretchy. Women like to show off their curves.) The problem with this being that no one else made the styles I enjoyed. It was a fad that came and went. It doesn&#x27;t exist in thrift stores. I don&#x27;t even know what to call it, so I can&#x27;t find pictures in an image.google search. Forever 21 made products I liked, but then they switched and I (and my friends) couldn&#x27;t find anything that came close since. The last time I bought clothes at Forever 21 was in 2010.<p>Since then H&amp;M has caught on like wildfire taking over the market Forever 21 once had. They do a lot of the same, but their clothes are even cheaper (why?) and in my current wardrobe my favorite clothes have come from H&amp;M. I&#x27;m afraid the same fate will come to H&amp;M that has come to Forever 21. Or maybe H&amp;M will learn from F21&#x27;s mistakes. Only time will tell.
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dehrmannover 5 years ago
&gt; Mr. Chang, the company’s chief executive, said in a 2012 interview that the chain was named Forever 21 because it targeted 20-somethings and because “old people wanted to be 21 again, and young people wanted to be 21 forever.”<p>I like how he felt like he needed to explain that one.
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xivzgrevover 5 years ago
Here’s some info on potential reasons why they are going bankrupt.<p>-they are mall centric store and mall traffic has been declining. Other chains have been “right sizing”<p>-big discount stores (target, Walmart, TJ Maxx, etc) have upped their (discounted) fashion game<p>-forever 21 was slow to adjust to these broader trends vs competitors<p>I also agree with proverbialbunny. My girlfriend used to go there regularly but we haven’t been to one for ages. Could just be us getting older though :)<p><a href="https:&#x2F;&#x2F;www.google.com&#x2F;amp&#x2F;s&#x2F;finance.yahoo.com&#x2F;amphtml&#x2F;news&#x2F;why-forever-21-will-probably-go-bankrupt-and-disappear-165236255.html" rel="nofollow">https:&#x2F;&#x2F;www.google.com&#x2F;amp&#x2F;s&#x2F;finance.yahoo.com&#x2F;amphtml&#x2F;news&#x2F;...</a>
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noodlesUKover 5 years ago
I’ve seen a lot of people going on about fast fashion recently. I’m aware of lots of shops that are considered fast fashion, but which ones <i>aren’t</i>? Where should I be going to buy more durable clothes that are made of nicer materials? I’m genuinely curious. I’d like to change my buying patterns (I’m really not that fashion conscious, so long as I can have some nice button ups and trousers I’ll be happy).
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Mathnerd314over 5 years ago
The only other substantial discussions on HN:<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=7861442" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=7861442</a><p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=8971215" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=8971215</a><p>I guess &quot;fast fashion&quot; means cheap sweatshop clothes. The bankruptcy is probably caused as much by rising standards of living in other countries as it is by the general shift to online ordering.
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GrayTextIsTruthover 5 years ago
how much do cheap plastic clothes (polyester, spandex, elastic) contribute to the micro-plastics epidemic I saw on HN recently?<p>I&#x27;ve been trying to get 100% natural materials (cotton, wool, leather) and they seem more comfortable, less stuffy (especially for sleeping) but that might be a placebo.
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neonateover 5 years ago
<a href="http:&#x2F;&#x2F;archive.is&#x2F;gcj3w" rel="nofollow">http:&#x2F;&#x2F;archive.is&#x2F;gcj3w</a>
firefoxdover 5 years ago
While fashionnova is booming.<p>To give you an idea how fast FN is, they&#x27;ll sell then make a product (in that order) so fast that when the customer gets it in the mail, the paint hasn&#x27;t dried yet.<p>Quality is not their forte.
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kart23over 5 years ago
Good. The only fast fashion brand I truly like is uniqlo, but forever 21 was always at the bottom of my list. All of their clothing had prints that looked like it came out of a machine learning algo that wasn&#x27;t trained properly. I dont understand how they afforded to open these giant stores in the hottest malls. A fun game that I played with friends is to go into f21, try on clothes and see who can assemble the most absurd outfit.
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mosselmanover 5 years ago
Fast fashion is a huge burden on the environment and should not be supported. So good riddance.
benbristowover 5 years ago
My ex took me there in Tokyo when I visited Japan. Shiny shops and good background music but crap for men&#x27;s clothes. 3 floors of women&#x27;s clothes and a tiny corner for men&#x27;s. Not great.
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kyriakosover 5 years ago
Fast fashion doesn&#x27;t need to be bad quality fashion.
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thorwasdfasdfover 5 years ago
I&#x27;m a little surprised by this. Forever 21, I thought was the fashionable dollar store equivalent for clothing. It should&#x27;ve done much better than other higher end brands, considering how millenials are spending less and less on clothing.<p>Also, how are people wearing out their clothes so quickly. I bought a super cheap shirt from forever 21 once and it lasted for years with no sign of wear.
antarcticablueover 5 years ago
Forever 21&#x27;s app is really bad, it just couldn&#x27;t compete with other brands like zara and uniqlo.
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aitchnyuover 5 years ago
Why does this deserve front page? I read the article expecting customers got woke and are demanding ecofriendly and labourer-friendly clothing. Seems all about bad business decisions, and other fast fashion companies will soon fill that vacuum.