Forever 21 to Double in Size to 1,200 Stores
In a move that's in line with the strategies of many other fast-fashion retailers, Forever 21 is plotting a major expansion. In an interview with WWD, Founder and CEO Don Chang said that he plans to double the size of the company in the next three years, expanding its total retail footprint to 1,200 stores globally. (There are currently 600.) A big part of that growth will likely involve F21 Red, a newer store concept that boasts a deeper inventory of the brand's lowest-priced items, like $1.80 camisoles, $3.80 T-shirts and pairs of jeans priced at $7.80.