Forever 21 has always been a powerhouse in the retail industry since they first opened their first store in Los Angeles, CA. As they continue being a one-stop shop for the latest fashion trends, and must-have styles, Forever 21 continues achieving significant milestones! Take a look at 5 things you didn’t know about Forever 21.
1. Forever 21 was originally called Fashion 21!
When founders Do Won Chang and Jin Sook first opened Forever 21 in 1984, it was named Fashion 21. It was located in the Highland Park district of Los Angeles and in their first year, they made $700,000 in sales!
2. Forever 21 has donated more than $11.5 million of merchandise in 2016.
Forever 21 always strives to have a positive impact in the world, not only within their stores and corporate family but also upon the hundreds of vendor manufacturing facilities throughout the world that make their products. They have partnered up with several charity programs such as Soles 4 Souls, Make-A-Wish, The Humane Society of the United States, The American Red Cross, and several more. In 2011, Forever 21 donated all of their online sales to Japan’s earthquake and tsunami relief fund as well as donated more than $11.5 million of merchandise in 2016!
3. Forever 21 is the Fifth largest Specialty Retailer in the United States
Forever 21 has been named one of America’s Largest Private Companies by Forbes magazine! With over 30,000 employees, Forever 21 continues to bring in more than $4 billion annually.
4. Forever 21 Has Over 725 Stores Worldwide
Forever 21 operates more than 725 stores worldwide under the Forever 21, XXI Forever, For Love 21, Heritage 1981, and Reference brands. Forever 21 specializes in men’s and women’s clothing and accessories. All of their stores can be found in the U.S., Canada, Europe, Japan, Korea, and the Philippines.
5. Forever 21 is a Family Owned Business
Even with the company’s tremendous growth, they still remain a family owned business! Do Won Chang is the CEO, his wife Jin Sook is the Chief Merchandising Officer, and their two daughters Linda and Esther also work in merchandising at the company.