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Forever 21 owes success to Korean-style quick turnaround.

Publication: Los Angeles Business Journal
Publication Date: 29-OCT-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Forever 21 owes success to Korean-style quick turnaround.(Company overview)

Article Excerpt
Forever 21 Inc. has been in the spotlight recently for the many copyright infringement lawsuits filed against it. But it has long been synonymous with trendy clothes at an unbeatable price.

A lesser known fact is that the company borrowed its model of providing fast turnover at bargain prices from the Korean apparel industry in Los Angeles that it grew out of.

The thriving retail chain has hundreds of stores, and estimated revenues that exceed $1 billion a year. It came in at No. 20 on the Business Journal's list of Largest Private Companies in Los Angeles...

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