The bankruptcy of Forever 21 might indicate that consumers are rethinking fashion that is cheap yet unsustainable:
“But when Forever 21 filed for bankruptcy this week and announced it would close 350 stores worldwide, it became latest retail casualty of changing consumer habits. There were a number of reasons for its decline — including an overreliance on mall stores and its failure to invest online — but analysts say its troubles also signal a shift in consumers’ thinking about what essentially is disposable clothing.”
P.S. Walmart has taken the initiative when it comes to green business practices. Our experts can help you learn how you can remain in compliance with Walmart’s standards. Book an appointment today.