The American retail landscape is witnessing a brutal reality: survival is no longer guaranteed, even for once-iconic brands. Forever 21, a staple of the fast-fashion industry, has filed for bankruptcy protection for the second time in six years, citing an overwhelming competitive onslaught from Chinese e-commerce giants Shein and Temu. The company’s operating arm is [...]The post Forever 21 Files For Bankruptcy, Citing Overwhelming Competitive Onslaught From Shein And Temu appeared first on Tekedia.
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