Forever 21 to review UK brick-and-mortar stores…
The competitive UK high street has led to the US apparel retailer, Forever 21, reportedly reviewing its whole UK store presence in the wake of closures in Stratford, Glasgow and the upcoming closure of its store at the Lakeside Shopping Centre in Essex.
Harper Dennis Hobbs, the retail property advisor group, has supposedly been appointed by the retailer to conduct a review with the motive of reducing the sizes of its four remaining UK stores situated in Birmingham, Liverpool, its flagship on Oxford Street and the Bluewater shopping centre in Kent.
The announcement comes four years after the company decided to almost double the size of its Oxford Street store, however, has struggled to maintain a steady profit since its introduction to the UK in 2010. Forever 21 is yet to comment on its future plans.