Forever 21, the Los Angeles fast fashion retailer, which launched a small fleet of stores in the UK in the last six years is reconsidering downsizing its retail footprint in the region, depending on sales performance of the stores, which has been on the decline in the recent past.
The retailer has appointed Harper Dennis Hobbs, the property agents, to take a look at the remaining four stores in England and assist in taking a call about either reducing their size or closing them down, as reported by a leading English daily.
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The properties under evaluation are the outlets in Liverpool, Birmingham, and two outlets in and around London, including the one on Oxford Street, which was doubled in size four years ago.
Forever 21 stores have already closed down in Glasgow, Scotland, Stratford, Essex and East London, where H&M, the Swedish fashion retailer is expected to take over by increasing its presence. With nearly 300 stores in the UK, H&M is expanding its reach across the globe.
