Entrance to Forever 21. Photo: Trong Nguyen/Shutterstock.com
Forever 21 Inc.'s bankruptcy spells out further retail real estate evolution as uses from housing and hotels to medical marijuana grow houses could replace shuttered stores, brokers said.
The Los Angeles-based clothing and accessories retailer filed for Chapter 11 reorganization Sunday in Delaware with the growth of e-commerce especially among its targeted young shoppers. Forever 21 grew in popularity as a fast fashion store offering trendy apparel at bargain prices.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
