Forever 21 bankruptcy shines light on "de minimis" impact

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Summary

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A once popluar clothing chain that was once a staple in malls across America has filed for its second bankruptcy in five years.
Daily Mail
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Fast-fashion retailer Forever 21's US operating company on Sunday filed for Chapter 11 bankruptcy for the second time in six years, hamstrung by dwindling mall traffic and mounting competition from online retailers.
The Manila Times
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Fast-Fashion Forever 21 Operator Goes Bankrupt Again
Bloomberg News
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De minimis refers to the US waiver of standard customs procedures and tariffs on imported items worth less than $800 that are shipped to individuals and helps Chinese online retailers such as Shein and Temu to keep prices ultra-low.
Guardian

■ Story #22 ▪

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updated 88:88

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