r/Anticonsumption • u/Positive-Grape5126 • 8d ago

Corporations Lululemon CEO Upset

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I'll save you the read:

1) People are tightening their belts due to economic and political uncertainty and expensive leggings are not at the top of the list of necessities

2) People are more and more... GASP... Buying second hand clothes !!!!!

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u/Independent_War6266 8d ago

I saw someone panicking when they heard forever 21 was closing and I was like good. That’s literally the most garbage store ever and we don’t need more clothes. We all have enough clothes to probably last us forever.

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u/Free_Farmer4006 8d ago

It’s also not closing. It’s going through chapter 11 bankruptcy, which just means they have to sell off a ton of their stuff so they can pay back some debts. They’ve done it before, I’m almost wondering if it’s their business strategy at this point.

Some individual locations will probably close, but it’s not going out of business.

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u/CatZebraOrZebraCat 8d ago

I was about to be so surprised. They just seem to survive everything. The cockroach of clothing retailers, if you will.

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u/Short_Departure_4064 8d ago

spirit of forever twenty-ween