Forever 21 Laughs at Others’ Misfortunes; Promptly Buys Up Space

Edited by Jason Chan, Señor

On the heels of their recent and very successful Times Square store opening, Forever 21 must be shrugging at American Apparel and Abercrombie & Fitch, saying “What financial trouble?” In fact, reports are coming in that the fast-fashion retailer will soon take over the 94,000 square feet Sak’s Fifth Avenue in Orange County.

The Economy Hits the Hampton

Edited by FashionIndie

“We’re making adjustments we’ve never made before,” said Billy Lawson, owner of Shoe Inn, which operates locations in East Hampton and Westhampton. “Our Hamptons stores used to be a way to extend our margins … [but] this year, we opened on Memorial Day with a sale. We [have to compete] with New York prices.”

I feel better knowing it’s not just me…