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1.Market Observations, 5.Troubled companies, 8.Was Sticky

1 Oct 2019 (AFR) – Forever 21 latest retailer to file for bankruptcy

(1 October 2019, AFR, p19, Rama Venkat)

‘Fashion retailer Forever 21 Inc filed for bankruptcy on Sunday, as it joined a growing list of bricks-and-mortar groups that have succumbed to the onslaught of e-commerce companies such as Amazon. Since the start of 2017, more than 20 US retailers, including Sears Holdings Corp and Toys ‘R’ Us, have filed for bankruptcy as more customers shop online and eschew large malls.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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