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Forever 21 is having problems paying the bills

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29 Apr 2016 14:22 #302776 by chairman
Don and Jin Sook Chang, the billionaire owners of Forever 21, seemed to have it all in recent years — a happy marriage and one of the hottest retail chains in the country.

Now both may be on the rocks.

The fast-fashion retailer, which for years was busy opening ever-larger stores around the globe, is late paying its bills, industry sources tell The Post.

The tardy payments are spooking vendors and lenders who were already edgy, having witnessed Forever 21 take the unusual step of closing two massive California stores.

Famously private about their closely held chain, the Changs have rebuffed efforts by vendors and lenders to discuss their financial affairs.

Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
cricketwindies.com/forum/

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29 Apr 2016 14:52 #302780 by Nargis
how can they ???


ppl shop there all the time?

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  • obliviousme
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30 Apr 2016 04:24 #302815 by obliviousme
Wow! Surprising since Forever 21 is still very relevant!

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  • BTR-UR-SELF
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01 May 2016 13:33 #302909 by BTR-UR-SELF


Forever 21 is out of money for bills because they have horrible business practices. As a customer if you purchase an item or hundred and something is defective you cannot return the item if you bought the last one of that item. They only take returns for store credit also. They have item for cheap and a large selection but they need to work on their customer service.

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  • krnd
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01 May 2016 19:56 #302935 by krnd
That's so weird, I see so many people buying forever 21 stuff.. I can't imagine for them to mismanage their money like that..

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04 May 2016 00:04 #303220 by vegito12
I reckon the business should try and focus on customer relationships and not just focus on the money as this can happen and it can make the mind change, and the may try to keep the money and pay the bills late which is not a good thing as people will lose trust. The business needs to work on returns if a customer is not happy they should offer refund or another item in its place so people can tell others to come to this store and shop here as well. I hope they manage their money in the future and make good choices and not let greed overtake them as that can ruin business like the DickSmith ones in New Zealand where I am from they closed due to greed and mismanagement as well.

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04 May 2016 01:01 #303221 by krnd
Forever 21 is especially big in Korea, for some reason I'm sure there is more to this news than the business going bad. Some mismanagement or perhaps big debts that had to be paid. There is so many teenagers with Forever 21 stuff it is like the Ikea of clothing..

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