Forever 21 files for bankruptcy in the US… again [CNN]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: CNN
The retailer's US operating company filed for bankruptcy Sunday — for the second time in six years — in a court in Delaware, citing fierce competition from foreign fast fashion retailers. It marks the end of an era for a clothing brand that introduced many teens to fast fashion. The company said in a statement that its “stores and website in the United States will remain open and continue serving customers” as it implements an “orderly wind-down” of its business in the country. It added that it would conduct liquidation sales at its stores and that it was seeking a buyer for some or all of its assets. Brad Sell, the company's chief financial officer, said in the statement: “We have been unable to find a sustainable path forward, given competition from foreign fast fashion companies… as well as rising costs, economic challenges impacting our core customers and evolving consumer trends.” Forever 21 has been unable to keep up with Chinese e-commerce giants such as Shein and Temu,
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SPG
Earnings
- 2/4/25 - Beat
SPG
Sec Filings
- 4/30/25 - Form SCHEDULE
- 4/3/25 - Form 4
- 4/3/25 - Form 4
- SPG's page on the SEC website