Forever 21 Agrees To Sell Retail Company's Assets For $81 Million

The transcript discusses the financial struggles of a retail company, Forever 21, which filed for Chapter 11 bankruptcy. It highlights the stalking horse purchase agreement with mall owners and the ongoing bidding process. Concerns are raised about the impact of store closures on mall spaces. The challenges faced by fast fashion retailers due to the shift from physical stores to online shopping are also addressed.

What is the deadline for other bidders to make offers on Forever 21's assets?

How have fast fashion retailers like Forever 21 been affected by changing consumer behavior?