beloved clothing store is closing all 354 locations in the U.S.

By N.S.
thursday, may 1, 2025 at 04:19:20 p.m. edt

beloved clothing store is closing all 354 locations in the U.S.

https://www.msn.com/en-us/money/companies/beloved-clothing-store-is-closing-all-354-locations-in-the-u-s/ar-AA1DXGvk

forever 21 is closed forever!

N.S.: This "thing" is garbage. It quotes at length from an executive who acts as if the firm that is going out of business is going strong, and asserts that there's a revolution in retail (a story line we get every few years, as if we hadn't heard it a few years earlier), and that rising labor costs are a factor. Labor costs have been falling for a generation. Circa 1990, an aging black salesman at a federated department store, Abraham & Straus, in downtown brooklyn (the same megalopoly owned May's and Bloomingdale's), complained to me that he had until recently made a good living off of commissions on clothing sales. But then the chain ended its generations-long commission structure, and just paid everyone a very modest, hourly wage. He pointed to a cute, young black girl who was soldiering, doing nothing, and then suddenly acting as if she were working, when she saw a handsome, young black man approaching. The old man said the young girl got paid the same wages that he was.

The men's journal "thing" was produced by Jessica McBride, who for several years produced lousy "things" on crime for heavy.com.