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fast fashion marketCNBC
•71% Informative
Forever 21 is asking landlords for rent concessions as high as 50% as it faces financial difficulties.
The legacy fast fashion player, which filed for bankruptcy in 2019 , isn't weighing a second filing, the people said.
The company is struggling to manage its sprawling store footprint and compete with savvier digital upstarts.
The two originally linked up last August and under the terms of the agreement, Shein acquired about one-third of Sparc while Sparc took a minority stake in Shein .
Shein pop-up stores and accepting Shein returns have driven positive foot traffic to Forever 21 's shops, one of the people said.
VR Score
77
Informative language
79
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55
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English
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48
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