Forever 21 is seeking rent concessions as it faces financial struggles and a decline in sales. The fast-fashion retailer is struggling to keep up with savvier competitors and has approached landlords for rent breaks. This is part of a broader trend where malls are adapting to changing retail landscapes, with some staking claims on legacy retailers through buyouts, such as the Express buyout. New England's largest mall is also facing trouble with a $505 million loan maturing, highlighting the financial pressures on retail real estate.
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Forever 21 seeks rent concessions, facing financial struggles #retail #malls #retailrealestate #fashion https://t.co/rYOcSNm8pN
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Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player’s sales decline and it struggles to keep up with competitors, @CNBC reports. https://t.co/wSs3ZbDbyX
Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player’s sales decline and it struggles to keep up with savvier competitors, CNBC has learned. https://t.co/PV4DBBcXxQ https://t.co/6HiAoRgV2p
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Forever 21 seeks rent concessions as fast fashion brand faces financial woes https://t.co/0y48SKtNIS
New England's Largest Mall Faces Looming Trouble With $505M Loan Maturing via @Bisnow #retail #cre #retailrealestate #malls https://t.co/470c6NjOtx
Malls Stake Their Claim on Legacy Retailers With Express Buyout #retail #malls https://t.co/eL0BhBQwv3