Forever 21 Clearance Sale | The fashion chain announces that its clothes are at half price in Colombia

Forever 21 Clearance Sale | The fashion chain announces that its clothes are at half price in Colombia
Forever 21 Clearance Sale | The fashion chain announces that its clothes are at half price in Colombia

LThe multinational clothing and accessories company Forever 21 announced that it had been bankrupt since 2019. For this reason, little by little they have closed several of their stores not only in Colombia, but in the rest of the world. Now, it announced that it is in liquidation in Latin America, news that fills us with expectation to his clients.

According to the criteria of

In the midst of this, there are discounts on their clothes, which exceed the 40 percent.

In Colombia, the company is in the process of liquidating inventories in its branches located in Bogotá, Medellín and Bucaramanga, as confirmed to EL TIEMPO.

Forever 21 announced that the promotions also include other countries such as Costa Rica, Panama, Guatemala, El Salvador, Dominican Republic and Ecuador.

Forever 21

Photo:Forever 21

Through their social networks, they reported that such promotions of the 50 percent govern between the July 4 and 17, 2024.

Now, remember that Colombia no has an official website. For this reason, you can go to the physical points if you want to access the discounts.

Factors of economic crisis

This event continues to mark the process of closing operations of the fashion chain in Colombia. One of the factors of its withdrawal from the country is low demand of customers, who did not respond to last year’s promotional campaigns, amid a context of uncertainty and economic slowdown in the country.

The Forever 21 business started as a startup A couple of South Korean immigrants who arrived in Los Angeles (USA). With $11,000 in savings, Do Won Chang and his wife bought a clothing store.

Press reports, including those from specialized media Forbeswhere they were among the world’s 400 millionaires, indicate that the business consisted of buying clothes from local Korean manufacturers, for which they obtained low prices that then, when sold in the store, generated dividends.

Some experts have pointed out that the crisis is an accumulation of the impact caused by the online trading, Between other reasons.

Vanessa Perez

LATEST NEWS EDITORIAL.

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