forever21
REAL ESTATE

Forever 21 hires disposition company

BY Al Urbanski

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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