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Forever 21, Which Helped Popularize Fast Fashion, to File for Bankruptcy

nytimes.com

1–10 of 178 posts

Re: Forever 21, Which Helped Popularize Fast Fashion, to File for Bankruptcy

#4
The only other substantial discussions on HN:

https://news.ycombinator.com/item?id=7861442

https://news.ycombinator.com/item?id=8971215

I guess "fast fashion" means cheap sweatshop clothes. The bankruptcy is probably caused as much by rising standards of living in other countries as it is by the general shift to online ordering.

Re: Forever 21, Which Helped Popularize Fast Fashion, to File for Bankruptcy

#6

The only other substantial discussions on HN: https://news.ycombinator.com/item?id=7861442 https://news.ycombinator.com/item?id=8971215 I guess "fast fashion" means cheap sweatshop clothes. The bankruptcy is probably caused as much by rising standards of living in other countries as it is by the general shift to online ordering.

If that was the issue, it would be affecting Zara, H&M, Uniqlo etc as well. Zara is seeing record profits, H&Ms revenues are up but profits are down as they spent their money investing in online sales, Uniqlo profits are also up

Re: Forever 21, Which Helped Popularize Fast Fashion, to File for Bankruptcy

#7
Why does this deserve front page? I read the article expecting customers got woke and are demanding ecofriendly and labourer-friendly clothing. Seems all about bad business decisions, and other fast fashion companies will soon fill that vacuum.

Re: Forever 21, Which Helped Popularize Fast Fashion, to File for Bankruptcy

#8
post #2

Fast fashion doesn't need to be bad quality fashion.

I think the quality is a side effect of the real problem with fast fashion: Implied disposability.

The entire fashion industry is about disposability. Forever 21 simply fulfills it at a low price.

If everyone tried to keep up with the latest trends we'd be throwing out nearly our entire wardrobe every year.

Re: Forever 21, Which Helped Popularize Fast Fashion, to File for Bankruptcy

#10
post #9

While fashionnova is booming. To give you an idea how fast FN is, they'll sell then make a product (in that order) so fast that when the customer gets it in the mail, the paint hasn't dried yet. Quality is not their forte.

Amazon will eat this up. They're eating up the custom apparel with the tshirt printing part.
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