Forever 21000 Archives More like Never 21, am I right, fellas?
According to CNBC, the fast-fashion company filed for bankruptcy protection for the second time in six years and plans to close all its U.S. stores. People online are devastated. It's the end of an era, and Forever 21 — and the internet — are blaming other fast-fashion retailers like Shein and Temu.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
This Tweet is currently unavailable. It might be loading or has been removed.
In a court filing reported by CNBC, the company said Shein and Temu "materially and negatively impacted" Forever 21.
"Certain non-U.S. online retailers that compete with the Debtors, such as Temu and Shein, have taken advantage of this exemption and, therefore, have been able to pass significant savings onto consumers," Stephen Coulombe, the operating company’s co-chief restructuring officer, wrote, according to CNBC. "Consequently, retailers that must pay duties and tariffs to purchase product for their stores and warehouses in the United States, such as the Company, have been undercut."
Of course, despite Forever 21 blaming Shein and Temu, it is also fast fashion. All of these companies exploit labor, have disastrous effects on the climate, and encourage overconsumption. According to Business Insider, the average person bought 60 percent more clothing in 2014 than they did in 2000, but they kept the pieces half as long.
Greenpop reported that about 80 billion pieces of clothing are bought every year, a 400 percent increase from two decades ago. However, according to Human Rights Pulse, the vast majority of those pieces, around 85 percent, end up in landfills, leading to mass human rights violations.
Previous:Time to Unite
Next:Keeping Hope Alive
Zunum Aero startup could bring domestic electric aircraft by 2020sZunum Aero startup could bring domestic electric aircraft by 2020sRoad rage in Australia? It's basically a bunch of indecipherable squawking3 big reasons why you need to read 'The Handmaid's Tale' right nowChrissy Teigen teamed up with Arthur to throw shade at John Legend's Easter outfitHBO promos give us a peek at new 'Game of Thrones' costumesTeen promposes to Emma Stone by epically recreating 'La La Land' opening numberXbox's 'Project Scorpio' brings heftier specs than any other consoleThe simple reason Apple AirPods will be ubiquitous somedayOldest living Aussie leader loves chugging beer so much, he's created his ownTwitter goes Lite for developing marketsMastodon the band’s response to Mastodon the platform is metal AFHBO promos give us a peek at new 'Game of Thrones' costumesEaster eggs now come in unicorn form because the world is a magical placeMan drives his car into the middle of a river because his GPS said toEvery time the Kardashian/Jenner clan actually got politicalCorporations like PepsiCo will never be 'woke,' but here's how they can be betterHyperloop One test track is finished. When can we ride it?Taran Killam remembers Trump on 'SNL,' calls him a moron'Get Out' leads MTV Movie & TV Award noms YouTube star Jake Paul moves into his $6.9 million Calabasas mansion 'The Mitchells vs. The Machines' is a vibrant road trip movie: Review South Carolina women's basketball team declines White House invite Inside the reckoning of the alt Christian Bale looks unrecognizable as he gets ready to play Dick Cheney in his next film This story about Harry Styles cheering up a little girl is super heartwarming 'Returnal' review: Punishing combat, cosmic horror, engrossing mystery Steve Mnuchin and his wife held a sheet of dollar bills and made the internet rich with memes Pentagon accidentally retweets call for Trump's resignation Watch SpaceX's Starship SN15 land and not blow up Kevin Spacey mural in Manchester to be removed after allegations of sexual harassment President Trump gets America's numerous mass shootings confused "Shadow and Bone" won by making Tumblr's dreams come true Meghan Markle has written a children's book about the bond between father and son Disney's 'real' lightsaber isn't quite as cool as it looks Twitter to start monitoring users outside of Twitter, will ban people affiliated with hate groups Burton's U.S. Winter Olympic uniforms are very old Sorry, Cards Against Humanity can't stop Trump's wall Facebook's Oversight Board decision about Trump is the worst case scenario for Mark Zuckerberg Disney+ Star Wars x Simpsons short: 9 hidden Easter eggs
2.4682s , 10131.484375 kb
Copyright © 2025 Powered by 【2000 Archives】,Exquisite Information Network