The city of Bengaluru will soon have the new stores of Forever 21, opening at V R Mall and Orion Mall on 29th April, 2016, to be inaugurated by bollywood stars Ileana D’cruz and Aditya Roy Kapoor.
Targeting the budget shoppers, the new spaces will offer a plethora of products to select from. Forever 21 is making all efforts to create a unique and captivating experience by sponsoring a Fashion Marathon, F21 #FUNATHALON. It will be a 1.5 km run where one will get an opportunity to meet the stars and participate with them. Interested runners can register at www.f21funathalon.com to be part of the marathon.
Business Head India, Forever 21, Abhinav Zutshi said, “It gives me immense pleasure to showcase two new stores of Forever 21 in Bengaluru. We look forward to bringing in the latest fashion from the International fashion circuit to the city in the most unique way through a fun fashion marathon and we have partnered with youth style icons, Ileana D’cruz and Aditya Roy Kapoor for the launch.”
The new stores will occupy around 14,000 sq.ft in the Orion Mall and 10,000 sq ft in V R Mall respectively. Here one can choose from a huge range of summer spring trends. Buyers seeking street style approved looks will be specially catered, as the retailer has made all efforts to make shopping easy and enjoyable for teenagers, kids, men and women. The spring and summer collection is surely not to be missed.
The Brand Story
Headquartered in Los Angeles, Forever 21 is the 5th largest specialty retailer in the United States. The average store size is 38,000 square feet, the largest is approximately 162,000 square feet and the original Fashion 21 store is only 900 square feet. Fashion 21 rung up $700,000 in sales in its first year. The prior three businesses that occupied that building failed within the first year. Even with the company’s tremendous growth, it still remains a family-owned business.
The Expansion
The first Forever 21 store was founded in Los Angeles, California on April 21, 1984 by Do Won Chang and his wife Jin Sook Chang. The store is located in Figueroa Street in the Highland Park district of Los Angeles and is still in operation, bearing the chain’s original name. Designs similar to those seen in South Korea were sold and targeted to the Los Angeles Korean-American community. By 2013, sales totaled to $700,000 and there were more than 480 stores that brought in revenue of $3.7 billion. As on February 2014, Forever 21 generated a revenue of $3.8 billion globally. Originally, Forever 21 only sold clothes for women, but later expanded to sell menswear. Most Forever 21 stores now sell clothes for both men and women.
The India Story
Forever 21 launched their online shopping website in India – www.forever21.com in July 2014. It offers a wide range of affordable clothing, footwear, accessories, jewellery, beauty products and more. Their stores are present in Bangalore, Hyderabad, Mumbai, New Delhi, Noida and Pune. On 29th April, 2016, the brand will open two stores in Orion Mall and V R Mall, Bengaluru.
