Los Angeles — Forever 21 plans to open 14 new stores across the U.S., starting with a new location at the Gran Plaza Outlets in Calexico, which opened this past August. The Calexico, Calif., store is the first in a series of Forever 21 openings across America scheduled through June 2023. “We’re seeing even more consumers returning to the in-store shopping experience,” says Winnie Park, CEO of Forever 21. “While our online business remains strong and a key component of our growth strategy, we love interacting with our consumers in-store. …
Winnie Park
Los Angeles — On January 19, Forever 21 named Winnie Park as chief executive officer (CEO) of the fashion brand. The appointment is effective immediately. Park joins Forever 21 from Paper Source, where she served as CEO for the past 6 years. Park’s tenure at Paper Source is marked by transforming the brand from a brick-and-mortar retailer to a lifestyle brand with a robust digital platform spanning social, digital content, online subscriptions and affiliate partnerships. She also led the successful sale of the brand to an affiliate of Barnes & …
Chicago, New York and London — Elliott Investment Management L.P., the owner of Barnes & Noble, plans to acquire the assets and business operations of Paper Source Inc., which will allow the stationery and gift retailer to emerge from Chapter 11 with the support of a well-capitalized owner. Paper Source has approximately 130 stores across the U.S. Elliott is also the owner of Barnes & Noble, the leading bookseller in the U.S. with bookstores in every state. The businesses are highly complementary, with shared product ranges and a common commitment …