Latest news with #Forever21
Yahoo
2 days ago
- Business
- Yahoo
Popular Department Store Announces More Store Closings Across the U.S.
JCPenney is shifting its structure once again and will be shutting down a number of its stores across the country before the end of the month. The department store chain which was originally founded in 1902 announced the upcoming closures in February, when a company spokesperson mentioned that a 'handful' of their locations were set to close in 2025. The number of stores was not specified in the original announcement, but according to a Tuesday, May 20 report by USA Today, that number is seven. The multiple closures come five years after JCPenney filed for Chapter 11 bankruptcy protection in 2020, which resulted in more than 200 locations shutting down across the nation. In December of that same year, the department store was acquired by Simon Property Group and Brookfield Asset Management Inc. Consumers took to X (formerly known as Twitter) to share their reactions to the news. 'The downfall of malls is so sad but they are so expensive for no reason,' wrote one user. A second user noted, 'Oh no! I love JCPenney! I DO NOT want to order clothes online. I want to touch the fabric, assess how it looks on my body type, and try clothes on. Not everyone looks like a model!' A third user warned, 'This'll be a grave mistake for the folks who love to shop online. Malls are a necessity.' JCPenney announced a partnership with Forever 21 in January as part of a larger merger to form a new company called Catalyst Brands. Some of the brands included are Aéropostale, Nautica, Lucky Brand, Brooks Brothers, and Eddie Bauer. Catalyst Brands was set to hire 60,000 employees and open 1,800 new store locations. A spokesperson for the department store noted that the store closures are not related to or a result of the merger. Brick-and-mortar JCPenney locations in California, Colorado, Idaho, Kansas, New Hampshire, North Carolina, and West Virginia are scheduled to close on Sunday, May 25.
Miami Herald
3 days ago
- Business
- Miami Herald
Popular home retailer prepares to file Chapter 11 bankruptcy
The world of brick-and-mortar retail has been in a state of upheaval ever since online shopping surged in popularity, but it's never seemed to be struggling quite as much as it is now. Seeing once-popular stores shutter indicates just how challenging the situation has become. Don't miss the move: Subscribe to TheStreet's free daily newsletter Joann, the classic fabric and craft store, is an example of a retailer no one thought would ever go away. Closing the last of its stores this month after declaring Chapter 11 bankruptcy for the second time in January 2025, the retailer had operated successfully for 82 years and filled a niche in the market long unoccupied by any major competitors. Related: Beloved retailer in Chapter 11 bankruptcy angers customers It's also hard to imagine malls without fast-fashion retailer Forever21. Despite those signature canary-yellow shopping bags being seemingly everywhere at one time, the retailer declared its second bankruptcy in March 2025, saying in an official announcement that "rising costs and increased competition from abroad have made our current business model unsustainable." Forever21 has since closed all its U.S. stores as of May 2025. Now, another retailer many people have long enjoyed seems to be about to start the process of filing for Chapter 11 bankruptcy, and it could predict an unfortunate future for the chain. Image source: Nicholson/UCG/Universal Images Group via Getty Images At Home, a home-goods retailer owned by private equity firm Hellman & Friedman, is preparing to file Chapter 11 bankruptcy, according to a new Bloomberg report sourcing people with knowledge of the matter. Separate sources also said the company did not make its interest payment on May 15, leading it to enter a forbearance pact with lenders on May 23. The reprieve runs through June 30, added the sources, who asked not to be publicly identified. At Home currently has $17.3 million available under its asset-based facility, according to the sources. Related: Bankruptcy forces iconic ice cream chain to close 500 locations At Home is "actively collaborating with our financial stakeholders and have put forbearance agreements in place with respect to certain interest payments under the company's debt instruments," a spokesperson for the company said in an emailed statement. The spokesperson also told Bloomberg, "These agreements provide us flexibility as we continue to take steps to position At Home for near and long-term success." An April report from The Wall Street Journal also indicated that the company was considering bankruptcy at that time, as it wrestled with the additional weight of how tariffs would affect its business. At Home currently sources the majority of its product from overseas, meaning it would be extremely vulnerable to increased costs. The company has made attempts to redirect its supply chain away from China since late 2024, looking to India and other countries as potential new options. Before the tariffs issue ever became a reality, however, At Home already had another colossal problem. The retailer has struggled with how to restructure roughly "2 billion in debt," per WSJ, and was negotiating with landlords and creditors earlier this year. In April, At Home was looking into a debt-restructuring plan with some lenders that could "potentially hand control of the troubled retailer to creditors," according to sources quoted by WSJ. Once the retailer officially files bankruptcy, it has several potential options, from navigating a plan to repay creditors over time to choosing to sell off its stores to pay its debt. However, its stores may continue to operate, so the retailer is still in the game for now. Related: Huge truck rental company files for Chapter 11 bankruptcy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
3 days ago
- Business
- Yahoo
Amazon's Forever 21 ‘Haul' Features Club- & Concert-Ready Pieces From $12
All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes. Great news: You can now shop Forever 21 pieces on Amazon. More from Billboard You Have to See Light Wire, the Brazilian LED Dance Team That Earned Simon's Golden Buzzer on 'America's Got Talent' Premiere 'America's Got Talent': How to Watch Season 20 Premiere Get Summer Ready in These Jessica Simpson Dress Picks From Walmart Starting at Just $14 As part of Amazon's new 'Haul' section, the initiative allows you to easily cop trendy and affordable items. With summer right around the corner, this'll give you a good excuse to re-up your wardrobe with picks straight from the 'Haul' section that will have you turning heads all season long. We're talking flirty tube tops, printed wrap skirts, lace-trimmed dresses and cargo pants all priced at less than $30. Here are some of our favorite Forever 21 styles to shop right now on Amazon. Buy Now On Amazon $19.59 $19.59 A black ruched tube top with bow accents in a pastel pink. Retailing for $19.59, the Bow Cropped tube top is a flirty dream come to life. Featuring a textural ruched finish, tiny bow adornments and pastel pink trim, we can see this piece being a great addition to any night-out look. From steamy dates to dancing at the club, this top is dainty and flirty, especially when worn with a coordinating black miniskirt, as pictured above. Or take it full feminine with pink and dainty bloomers. With this top, you can easily capitalize on the ever-popular ballet-core trend at an affordable price. $10.01 $13.74 27% off Buy Now On Amazon A pink dress with white lace trim and long sleeves. Forever 21's Lace-Trim minidress is the perfect look for your next date night. Book plans, because you'll wanna be seen in this one. Affordable and extremely cute, this dress features a rosy pink hue and a sweetheart neckline trimmed with white lace and a mini bow that takes the look to the next level. The long sleeves keep the wearer warm, while the length — or lack thereof — is risqué enough to turn heads. We can envision this minidress worn with nude slingback heels and a sleek little shoulder bag, giving model-off-duty vibes. For $10.01, how could you pass this up? It's a no-brainer. $17.31 $19.99 13% off Buy Now On Amazon A miniskirt in red and black gingham and a bow accent. Gingham is a tricky pattern for some, but hear us out. This Forever 21 wrap skirt is too good to pass up, especially given the price. The red and black color scheme is striking, while the bow accent at the hip adds a playful element, breaking up the loud pattern. We recommend wearing this piece with neutrals, maybe something black to mirror the black in the skirt. A cropped sweater or black lace cami could work. If you want to go for a more maximalist look, pick something gingham for a pattern-on-pattern moment. $19.53 $24.93 22% off Buy Now On Amazon Red cargo pants with wide legs and pockets. This faux-leather moment would be great for cocktails with the girls. This little number features a baggy fit and a glossy finish, thanks to the faux leather construction. Cargos are a staple for many, and for good reason. The ample pocket room is a major plus, allowing you to go without a purse if you wish. We're also kind of obsessed with this burgundy-almost-brick colorway. Styled with a crisp white bodysuit and nude mules or a bow-adorned blouse and flirty kitten heels, you'll be dinner-ready in no time. Buy Now On Amazon $16.42 $16.42 A black shrug with sheer lace sleeves. Forever 21's Sheer Striped Lace shrug is giving ballerina vibes in the best way possible. Retailing for $16.42, this piece is a standout because of a few key details. The sheer construction offers a peekaboo effect, making for an excellent layering piece, while the subtle striped pattern creates visual interest. Additionally, the lettuce hem is dainty and whimsical, giving those aforementioned ballerina vibes. The black colorway is extremely versatile, too. Styling this piece with a flowy and flared wrap skirt will make you look like a seasoned dancer, sans the ballet flats. Any sleeveless or strapless piece, like a tube top, would also pair nicely, highlighting the crop of the shrug without overshadowing the clothing beneath. Buy Now On Amazon $18.95 $18.95 A tan and white cropped varsity jacket. There's really nothing better than a varsity jacket. I wasn't ever the sporty type, so I often wore this style of outerwear for less practical fashion purposes. Timeless and classic, Forever 21's Letterman style is cropped and modernized, equipped with black and white lettering and white accents. Trading in the usual snap-button closures, this piece features a zip-up closure in gold that transitions into a sleek collared neckline. When styling, we recommend going for a full sporty feel, paired with white baggy jeans and colorful sneakers. Or if you're feeling less sporty, turn up the heat with a black leather skirt and white tee combo. Buy Now On Amazon $20.71 $20.71 A white bodysuit mirroring the silhouette if a t-shirt. It's a cozy T-shirt mixed with a flattering bodysuit. Giving you the best of both worlds, this Forever 21 Fitted Tee bodysuit features a plunging neckline and short sleeves that mirror the look of a tee. This piece is form-fitting and flattering, pairing well with some of your favorite denim pieces, much like the classic look of jeans and a white T-shirt. No matter the color, bodysuits are versatile, wearing well with just about every silhouette. They're meant to be supporting pieces that make the key pieces in your outfit look better. You could wear this style with a slew of bottoms, including athletic shorts or a crotchet maxiskirt. If you can think it up, you'll likely be able to wear this bodysuit with it.
Epoch Times
5 days ago
- Business
- Epoch Times
Macy's Recalls More Than 16,000 Children's Pajamas
Department store chain Macy's is recalling around 16,300 units of infant pajamas across the United States as the elastic on the garments' ankles 'can be too tight and restrict blood circulation, posing an injury hazard,' the Consumer Product Safety Commission (CPSC) recently announced. 'This recall involves five different styles of Holiday Lane-branded infant footed pajamas. The cotton pajamas were sold in infant sizes 0–3 months, 3–6 months, and 6–9 months. 'Holiday Lane' is printed on the pajamas' neck label,' the May 22 'Macy's has received four reports of the elastic being too tight on infants' ankles, resulting in chafing, imprinting, or restricting blood circulation.' The Vietnam-manufactured pajamas were sold nationwide through Macy's stores and online between March 2024 and January 2025 for roughly $27. The CPSC urged customers to stop using the garment immediately. Those who have bought the item should not return it to Macy's stores; instead, they should visit the company website and fill out the recall form. 'Once consumers fill out the recall form, they will be sent a pre-addressed, postage-paid envelope to return the footed pajamas free of charge. Macy's will issue a $26.50 refund via check upon receipt of the recalled product,' the agency said. Related Stories 5/21/2025 5/21/2025 The Epoch Times reached out to Macy's for comment but did not receive a response by publication time. Multiple brands of children's pajamas have been recalled over the past several months due to safety issues. In February, California-based Forever 21 The items, manufactured in China, Hong Kong, and Vietnam, were sold at Forever 21 stores nationwide and online. The company had not received any injury reports at the time. Earlier in January, Wisconsin-based Duluth Holdings Inc. Protecting Children According to federal safety regulations, all children's sleepwear garments sold in the United States in sizes larger than 9 months must be tight-fitting or flame-resistant, the CPSC Flame-resistant garments are clothes that do not continue burning once removed from an ignition source. For instance, certain polyesters are inherently resistant to fire and do not need any chemical treatment to make them nonflammable. 'The requirements for flammability or tight-fitting measurements do not apply to sleepwear for sizes nine months and under because infants wearing these sizes are insufficiently mobile to expose themselves to an open flame,' the CPSC said. 'Tight-fitting sleepwear does not ignite easily and, even if ignited, does not burn readily. CPSC standards require hangtags and permanent labels on tight-fitting children's sleepwear in sizes larger than nine months.' The agency recommends that parents not put children to sleep in oversized, loose-fitting cotton or cotton-blend garments since the clothes can easily catch fire. In addition to flammability requirements, there are several additional safety For instance, children's products must not have paint or surface coatings containing more than 0.009 percent lead. 'Examples include painted component parts (e.g., buttons, zippers, snaps), printing processes that use a liquid or semi-liquid surface coating that hardens (e.g., screen printing),' the CPSC said. Similarly, items aimed at children must not contain more than 0.1 percent of any regulated phthalate in any accessible component part. Phthalates, also known as the 'everywhere chemical,' are used in plastics and vinyl flooring and have been associated with health issues such as cancer. Component parts containing phthalates include screen-printing inks and plastic skid-stoppers/no skid grippers on the bottom of pajamas. There are also strict certification requirements. 'Domestic manufacturers or importers of children's products must generate a Children's Product Certificate (CPC) certifying compliance to the applicable safety rules and ensures that a CPC accompanies the distribution of the product,' the CPSC said.
Fast Company
20-05-2025
- Business
- Fast Company
JCPenney stores closing update: Memorial Day weekend is your last chance to shop final sales at these 7 locations
JCPenney said it will close seven stores this weekend in California, Colorado, Idaho, Kansas, New Hampshire, North Carolina, and West Viriginia, according to USA Today, and will be running sales in those locations up until Sunday, May 25. It's the latest set of JCPenney store closures since the long-struggling retail chain filed for Chapter 11 bankruptcy back in May 2020 during the pandemic (it announced later that year it would close 200 of its 850 stores). The chain was then purchased by property managers Simon Property Group and Brookfield Asset Management. Fast Company has reached out to JCPenney for comment. Which JCPenney store locations are closing? A JCPenney spokesperson told USA Today the following seven stores will close this Sunday, May 25: The Shops at Tanforan in San Bruno, California The Shops At Northfield in Denver, Colorado Pine Ridge Mall in Pocatello, Idaho West Ridge Mall in Topeka, Kansas Fox Run Mall in Newington, New Hampshire Asheville Mall in Asheville, North Carolina Charleston Town Center in Charleston, West Virginia In February, JCPenney said it would be closing a 'handful' of stores by mid-2025, but did not disclose which ones. The news came just one month after the retailer announced it was partnering with Forever 21 to create a new company, Catalyst Brands, in a merger that would also include Brooks Brothers, Aéropostale, Lucky Brand, Nautica, and Eddie Bauer. (JCPenney said the closures were unrelated.) The iconic department store chain, like many major retailers, has been struggling in recent years as American consumer foot traffic decreases and more shoppers go online. This, coupled with increasing prices, inflation, and the high cost of living, have led many retailers to file for bankruptcy or initiate waves of store closings. Some have even gone out of business, including: Joann fabrics, Macy's, Party City, Big Lots, Walgreens, and 7-Eleven.
