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Shein
Shein was founded in 2008 in Nanjing, China by Chris Xu, originally launching as an online-only bridal and womenswear retailer before pivoting toward an extremely fast-turnaround, ultra-low-cost fashion model built entirely around e-commerce rather than physical retail stores. The company's manufacturing and supply chain approach, using real-time data on trending styles to produce extremely small initial batches of thousands of different garment designs simultaneously, represented an even more accelerated version of the fast fashion model pioneered by earlier brands like Zara. Shein grew into one of the most downloaded shopping apps in the world, particularly popular among younger consumers on social media platforms like TikTok, while also drawing significant scrutiny from regulators, journalists, and labor rights organizations over supply chain transparency and environmental impact. Shein's combination of its digital-native, data-driven ultra-fast production model and its explosive growth through social media-driven youth marketing has made it one of the most disruptive and controversial fashion retailers of the modern era.
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Forever 21
Forever 21 was founded in 1984 in Los Angeles by Korean immigrants Do Won Chang and Jin Sook Chang, opening their first small store, originally called Fashion 21, specifically targeting the Los Angeles Korean-American community before rapidly expanding into a major national teen and young-adult fashion chain. The company grew rapidly through the 1990s and 2000s by offering extremely low-priced, trend-driven clothing aimed squarely at teenagers and young adults, becoming a dominant fixture of American shopping malls during that era's peak mall culture. Forever 21 filed for Chapter 11 bankruptcy in 2019 amid a broader decline in mall-based retail and rising e-commerce competition, closing a significant number of its stores, before the brand was acquired out of bankruptcy and later filed for bankruptcy again in 2025. Forever 21's combination of its origin as a small Korean-American family business and its dramatic rise and fall as a dominant American mall fashion chain has made it one of the most emblematic case studies in the broader decline of traditional mall retail.
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