Millennials' fast-fashion favorite Forever 21 can't keep up with Shein's meteoric rise: ‘It's like comparing a mobile phone from 2000 to the newest iPhone' [Yahoo! Finance]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
Forever 21 is asking some of its landlords for a break on rent—up to 50% on some of its 380 U.S. locations, people familiar with the situation told CNBC . The company filed for bankruptcy in 2019 after being unable to grow sustainably and emerged after being bought by Authentic Brands Group and landlords Simon Property Group and Brookfield Property Partners a year later, but has no plans to file for bankruptcy protections again, the people said. Formerly a fierce competitor of mall stalwarts H&M and Zara, Forever 21 now is at risk of being gobbled up by the next generation of fast-fashion giants like Shein and Temu, which have made a name for themselves chasing trendy designs and delivering them at lightning-quick speeds to their widespread Gen Z audiences. “The speed is almost impossible to compete with,” one source told CNBC. “So if you juxtapose any brand that was around 20 years ago to these new, on-demand manufacturing fast-fashion companies…it's like comparing a mobile phon
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News
- Simon Property Group, Inc. (NYSE: SPG) was downgraded by analysts at Piper Sandler from a "strong-buy" rating to a "hold" rating.MarketBeat
- Introducing ShopSimon™: Brands You Love. On Sale. 24/7. [Yahoo! Finance]Yahoo! Finance
- Introducing ShopSimon™: Brands You Love. On Sale. 24/7.PR Newswire
- Simon® to Present at BofA Securities 2024 Global Real Estate ConferencePR Newswire
- Retail REITs: Steady consumer spending underpinned improved Q2 demand for shopping spaces [Seeking Alpha]Seeking Alpha
SPG
Earnings
- 8/5/24 - Miss
SPG
Sec Filings
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- SPG's page on the SEC website