Forever21 Was Abandoned By Dedicated Couriers Because Of Bad Business.
Forever 21
The two years of business are not booming, which has led directly to the delivery.
clothes
EZ Worldwide Express, a courier company, has become smaller and less profitable. Recently, the company simply gave up the Forever 21 business.
EZ Worldwide Express, a company founded in 1989, was originally launched by pporting goods from retailers such as Messi and Jesse Pani stores.
Amazon
Disney and other companies deliver.
Starting in 2015, Forever 21 hired EZ Worldwide Express as a specialized carrier to deliver at least 171 stores.
EZ Worldwide Express's annual revenue last year was about 25 million to 3500 dollars, which brought nearly half of its annual revenue.
However, the company has applied for bankruptcy protection in January this year, and began to cut costs, reduce staff and consolidate its business.
Prior to that, EZ Worldwide Express spent 12 million on trucks and pport equipment, but retail business at the end of the year was not very popular at the end of the peak season, which directly led to tight funding.
The business of Forever 21 is significantly worse. EZ Worldwide Express reveals that its weekly sales are about $352 thousand to 42.9 US $352 thousand, compared with $630 thousand to $780 thousand a year ago.
Forever 21 is a Private Companies that does not disclose the company's financial position. In 2015, its sales volume was forecast to be US $4 billion 700 million.
They have been expanding their stores, and now they have opened 730 stores in the world, many of them are large stores in the prosperous area, but last year they began to consider reducing the area of their stores.
In April, there was even news that Forever 21 was in arrears with suppliers.
We have previously reported that although Forever 21 is the most popular brand among teenage girls in the United States, they have launched a "more relaxed or more mature dress" and large size sportswear series in order to expand the consumer population.
Forever 21, like other major American fashion brands, needs to face price war and customer demand for personalization. In recent years, many similar American brand sales have declined, and some have even filed for bankruptcy protection.
After deciding to say goodbye to Forever 21, EZ Worldwide Express intends to focus on other customers' businesses, such as Amazon, WAL-MART and H&M, but the slump in retail business will not be over for a while.
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