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0.0040735711640538 0.00123441550425866 0.00536970744352552 0.00623379829650655 0.0214788297741019 0.0239476607826194 0.0216022713245278 0.0240093815578323
Stock impact report

Forever 21 set to shut down its U.S. operations as it files for bankruptcy [MSNBC.com]

Abercrombie & Fitch Company (ANF) 
Last abercrombie & fitch company earnings: 3/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: abercrombie.com/shop/us
Company Research Source: MSNBC.com
Forever 21, which a decade ago was seen as a leader in youth fashion retail, is set to permanently close all its U.S. stores as it files for bankruptcy for a second time.The operator of Forever 21's U.S. unit said Sunday that foreign competition from fast-fashion rivals, rising costs, economic challenges and evolving consumer trends were to blame. For the time being, stores and the company's U.S. website will remain open as the company starts winding down operations and seeks a last-minute bidder for its assets.Founded in 1984 by Korean immigrants in California, Forever 21 grew to $1 billion in annual sales by 2005. The store quickly became a mall staple for millennials looking for designer-inspired styles, alongside fellow low-cost retailer H&M and the pricier Abercrombie & Fitch. Forever 21’s sales peaked at more than $4 billion a decade later, and founders Jin Sook and Do Won "Don" Chang were estimated to hold a combined net worth of $5.9 billion.Yet as the 2010s wore on, the brand Show less Read more
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