Forever 21 hires disposition company
The trendy mall teen fashion shop whose trendiness appears on the wane has hired RCS Real Estate Advisors to help it re-evaluate its 815-store portfolio.
Forever 21, a favorite of teen girls for most of the last decade, is suffering from a severe drop in traffic and is looking at closing under-performing locations and filing for bankruptcy.
The New York-based RCS specializes in analyzing retail real estate portfolios to arrive at optimum performance. Its services include portfolio assessments, renewals, lease restructuring, terminations, and dispositions.
RCS will have a wide playing field to cover. Forever 21 operates stores in 57 countries, including Australia, Brazil, China, India, France, Mexico, the Philippines, and the United Kingdom.
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