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It’s time to write the obituary for a star of the fast fashion world: Retailer Forever 21 declared bankruptcy this week, blaming competition from online, foreign fast fashion companies like Temu and Shein. We’ll hear more. Also on the program: Chinese EV maker claims to have developed a superfast charging system from BYD and sales at restaurants and bars dipped last month as consumers pull back on discretionary spending.
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It’s time to write the obituary for a star of the fast fashion world: Retailer Forever 21 declared bankruptcy this week, blaming competition from online, foreign fast fashion companies like Temu and Shein. We’ll hear more. Also on the program: Chinese EV maker claims to have developed a superfast charging system from BYD and sales at restaurants and bars dipped last month as consumers pull back on discretionary spending.
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