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In this arrangement, Shein will sell certain Forever 21 products on its website, giving Forever 21 access to Shein’s 150 million digital customers, the Wall Street Journal reported.
Forever 21 is known for completely changing merchandise every six to eight weeks to account for new fashion trends.
Under a partnership agreement announced Thursday, the Chinese-founded Shein will acquire about one-third interest in Sparc Group, Forever 21's operator.
Amazon is raising its free shipping threshold for some customers. To qualify for free shipping, non-Prime members typically have to purchase an order totaling at least $25.
The United States Postal Service proposed a price increase for Forever stamps in July 2024, raising the cost from 68 to 73 cents. This follows an increase in January 2024 and marks the sixth increase since January 2021.
Do Won Chang ( Hangul: 장도원; born March 20, 1954) is a Korean-born American businessman. He founded the clothing store chain Forever 21 with his wife Jin Sook Chang.
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