Forever 21, Inc. is a privately-held, fast-fashion retailer specializing in fashion apparel and accessories for women, men, and children through its stores and online. Forever 21, Inc. was founded in 1984 by Do Won and Jin Sook Chang, and has headquarters in Los Angeles, California.
Overview & Corporate Organization
|Company Tags:||Minority Owned|
|Fiscal Year End:||12/31|
|1YR Revenue Growth Rate:||View %|
|3YR Revenue Growth Rate (CAGR):||View %|
|1YR Employee Growth Rate:||View %|
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Do Won Chang
Jin Sook Chang
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Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
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|*||Forever 21, Inc. fiscal year end: 12/31|
Charts, Financials, and Statistics (Graphs)
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Mergers & Acquisitions
|Details||Jul. 2003||Completed||Reference Co.||Forever 21, Inc.||Acquisition|
Sec 363 Bankruptcy Sale
|Details||Mar. 2005||Completed||Gadzooks, Inc.||Forever 21, Inc.||Acquisition||$33,000,000|
|1||Included in the transaction are...Read More →|
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Detailed Business Description: Forever 21, Inc.
Operating in the Highland Park district of Los Angeles, Forever 21, Inc. first rooted itself in the fashion industry in 1984 as a small store named Fashion 21. While Forever 21's original target market was the Los Angeles Korean-American community, people from many other ethnicities and nationalities began noticing the trend-setting fashion designs. As an effect, the store became increasingly popular. As sales grew and the clientele expanded, founders Do Won Chang and Jin Sook Chang eventually expanded operations, and later changed the company name from Fashion 21 to Forever 21.
Forever 21 generates the majority of its revenue through online purchases and in-store sales. Its products include clothing, cosmetics, shoes, and swimwear. The company's philosophy for generating revenue is based around the mass production of fashion items. By mass-producing stylish clothing, cosmetic, and swimwear items, the company garners sales by offering lower-cost, chic… Continue Reading →