The Retail Apocalypse

[AlbertC]

Forever 21 Goes Bust, Adding 178 Stores to Retail Apocalypse

Eliza Ronalds-Hannon and Lauren Coleman-Lochner
Bloomberg September 30, 2019

(Bloomberg) -- Forever 21 Inc. filed for bankruptcy, joining the growing list of fashion retailers felled by heavy competition, high rents and the defection of shoppers to online outlets.

The Chapter 11 filing on Sunday in Wilmington, Delaware, allows Forever 21 to keep operating while it works out a strategy to pay its creditors and turn the business around. The plan so far includes shutting 178 of its approximately 800 stores.

All told, the retailer employs about 6,400 full-time and 26,400 part-time workers, court papers show. Forever 21 said it expects to exit most of its outlets in Asia and Europe, and it will shut all of its 44 Canadian stores that provide about 2,000 jobs, according to company statements.

Forever 21 Goes Bust, Adding 178 Stores to Retail Apocalypse

(Bloomberg) -- Forever 21 Inc. filed for bankruptcy, joining the growing list of fashion retailers felled by heavy competition, high rents and the defection of shoppers to online outlets.The Chapter 11 filing on Sunday in Wilmington, Delaware, allows Forever 21 to keep operating while it works out a

ca.finance.yahoo.com

 

[AlbertC]

Why Forever 21’s Lack of Customer Experience in Canada Led to its Demise: Expert

October 02, 2019

Why Forever 21’s Lack of Customer Experience in Canada Led to its Demise: Expert

An industry expert explains how the US-based retailer failed to create deep connections and otherwise missed the mark in this country.

www.retail-insider.com

 

[AlbertC]

 

[Johnny Au]

Forever 21 Goes Bust, Adding 178 Stores to Retail Apocalypse

Eliza Ronalds-Hannon and Lauren Coleman-Lochner
Bloomberg September 30, 2019

(Bloomberg) -- Forever 21 Inc. filed for bankruptcy, joining the growing list of fashion retailers felled by heavy competition, high rents and the defection of shoppers to online outlets.

The Chapter 11 filing on Sunday in Wilmington, Delaware, allows Forever 21 to keep operating while it works out a strategy to pay its creditors and turn the business around. The plan so far includes shutting 178 of its approximately 800 stores.

All told, the retailer employs about 6,400 full-time and 26,400 part-time workers, court papers show. Forever 21 said it expects to exit most of its outlets in Asia and Europe, and it will shut all of its 44 Canadian stores that provide about 2,000 jobs, according to company statements.

Forever 21 Goes Bust, Adding 178 Stores to Retail Apocalypse

(Bloomberg) -- Forever 21 Inc. filed for bankruptcy, joining the growing list of fashion retailers felled by heavy competition, high rents and the defection of shoppers to online outlets.The Chapter 11 filing on Sunday in Wilmington, Delaware, allows Forever 21 to keep operating while it works out a

ca.finance.yahoo.com

Why Forever 21’s Lack of Customer Experience in Canada Led to its Demise: Expert

October 02, 2019

Why Forever 21’s Lack of Customer Experience in Canada Led to its Demise: Expert

An industry expert explains how the US-based retailer failed to create deep connections and otherwise missed the mark in this country.

www.retail-insider.com

I saw in Yorkdale a Forever 21 having 90% off almost everything sale.

 

[AlbertC]

I saw in Yorkdale a Forever 21 having 90% off almost everything sale.

I'm 29 now, so it's probably time that I depart from this brand anyways lol.

I used to occasionally shop there several years ago. But with Uniqlo now in the Canadian market, and other similar market brands like Zara and even H&M to a certain degree offering better selection, I drifted away completely from Forever 21.

 

[AlbertC]

Bed Bath & Beyond store closings: Retailer increases projected closures to 60

KELLY TYKO | USA TODAY
Updated 8:57 p.m. EDT Oct. 4, 2019

Bed Bath & Beyond store closings: Retailer increases projected closures to 60

Bed Bath & Beyond plans to close 60 stores this fiscal year, 20 more than announced in April. The company also operates buybuy Baby and World Market.

www.usatoday.com

 

[Johnny Au]

Bed Bath & Beyond store closings: Retailer increases projected closures to 60

KELLY TYKO | USA TODAY
Updated 8:57 p.m. EDT Oct. 4, 2019

Bed Bath & Beyond store closings: Retailer increases projected closures to 60

Bed Bath & Beyond plans to close 60 stores this fiscal year, 20 more than announced in April. The company also operates buybuy Baby and World Market.

www.usatoday.com

buybuy Baby to become byebye Baby in a few years. Mark my words.

 

[AlbertC]

Who really killed Blockbuster?

With one store left in the world, the video retailer's approaching extinction is a reminder of all the things that can go wrong in retail.

By Ben Unglesbee

October 7, 2019

Who really killed Blockbuster?

With one store left in the world, the video rental chain's approaching extinction is a reminder of all the things that can go wrong in retail.

www.retaildive.com

 

[AlbertC]

The 'retail apocalypse' is an apparel apocalypse

Most retailers in bankruptcy, or on the brink of it, sell clothes. Maybe that's their problem.

Daphne Howland
Published Oct. 14, 2019

The 'retail apocalypse' is an apparel apocalypse

Most retailers in bankruptcy, or on the brink of it, sell clothes. Maybe that's their problem.

www.retaildive.com

 

[Johnny Au]

Who really killed Blockbuster?

With one store left in the world, the video retailer's approaching extinction is a reminder of all the things that can go wrong in retail.

By Ben Unglesbee

October 7, 2019

Who really killed Blockbuster?

With one store left in the world, the video rental chain's approaching extinction is a reminder of all the things that can go wrong in retail.

www.retaildive.com

If Blockbuster bought Netflix when it had a chance to, it could have survived. Unfortunately, Blockbuster was run by non-avian dinosaurs. Changing tastes and technologies are bringing Blockbuster to extinction.

 

[AlbertC]

News from overseas:

Domino's to pull out of Scandinavia and Switzerland

Pizza delivery giant’s increasing losses prompt plan to sell up and leave four markets

Julia Kollewe

Thu 17 Oct 2019 10.24 BSTLast modified on Thu 17 Oct 2019 10.49 BST

Domino’s Pizza will pull out of Scandinavia and Switzerland after sustaining significant losses.

Britain’s biggest pizza delivery company, which operates under licence from its US parent, will sell its 115 shops in Iceland, Norway, Sweden and Switzerland after a six-week review of its international operations.

Domino's to pull out of Nordic countries and Switzerland

Pizza delivery giant’s increasing losses prompt plan to sell up and leave four markets

www.theguardian.com

 

[narduch]

Why would anyone in Europe want shitty American pizza?

 

[AlvinofDiaspar]

Why would anyone in Europe want shitty American pizza?

You'd be surprised: https://www.atlasobscura.com/articles/frozen-pizza-national-dish-norway

AoD

 

[AlbertC]

Certain elements of American pop culture are pretty popular among the young generation in Europe. Fast food is common to see, along with American music, social media trends, and even clothing brands like American Eagle and Abercrombie.

 

[Johnny Au]

You'd be surprised: https://www.atlasobscura.com/articles/frozen-pizza-national-dish-norway

AoD

Domino's must have a really hard time competing with Grandiosa (and Grandiosa is frozen pizza extremely popular in Norway).