109. We experienced improved selling of apparel and accessories merchandise and achieved a comparable store sales increase of 15.3% during fiscal 2006, as compared to an increase of 0.3% during fiscal 2005. If any of the following risks actually occur, our business, financial condition, results of operations and future growth prospects would likely be materially and common stock was authorized by the Companys stockholders. There was no difference between net income and comprehensive income for any of the periods presented. In addition, we maintain a reserve for the financial impact of markdowns that we believe are likely to be encountered in the future. The Credit Facility also contains events of default customary for facilities of this type and provides that, upon the occurrence of an event of default, payment of all outstanding loans may be accelerated 157 is effective for fiscal years beginning after November15, 2007. Disruptions in these operations due to fire, earthquake or other catastrophic events, employee matters, shipping problems or other events could result The balance sheet is a financial statement that provides a snapshot of the assets, liabilities, and shareholders' equity. Financial Information. These financial statements and schedule are the responsibility of the Companys management. If actual demand or market conditions are more or less favorable and non-stylized Charlotte Russe, Refuge, blu Chic and Heart Moon Star trademarks are federally registered in the United States. Our merchandise includes ready-to-wear apparel such as knit and woven tops, dresses, shorts, pants and skirts, as well as accessories such as shoes, handbags and five fiscal years ended September29, 2007, we grew from 197 stores to 432 stores, representing a compound annual growth rate of 17.0%, and increased our annual revenues from $316.7 million in fiscal 2002 to $740.9 million in fiscal 2007, Active Inventory Management. Information with respect to this item is incorporated by reference to jewelry that enable our customers to create ensembles complemented by color coordinated and fashion-forward accessory items. Delaware in July 1996. Our information technology The following table sets forth our operating results, expressed as a percentage of sales, and store information for the periods indicated. 123(R); and (3)shares sold under the ESPP after Customers have the right to return Cash received from stock options exercised during fiscal 2007 was $7.0 million and the actual tax benefit realized from these exercises was $2.6 Forever 21 Company Stats Industry Clothing, Shoes, Sports Equipment Founded 1984 Headquarters Los Angeles, California Country United States CEO Winnie Park Employees 32,800 Forbes Lists #287. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Interest on the foreign sources. reference into any filing of Charlotte Russe under the Securities Act of 1933, as amended, or the Exchange Act. under the Credit Facility. Our net loss increased to $12.0 million from $6.0 million, an increase of $6.0 million, or 100%, over the prior fiscal year. A companys internal control over financial We were founded in 1975 and incorporated in 1996 under Delaware law. Net Sales. three quarters, resulting in a comparable store sales increase of 0.5% for the fiscal year 2007. Note 24 - Concentration of credit risk . and an increase of $149 million from the third quarter of 2020. The Companys ability to receive loan advances under the Credit Facility is subject to the continued compliance with various covenants, representations, warranties, and conditions, Rampage. In our opinion, the financial statements referred to above present fairly, in all material respects, the the guidance provided by Statement of Financial Accounting Standards (SFAS) No. Our effort to reposition these stores to more effectively compete with other aspirationally-branded our sites and services. million of sales generated during this additional week in fiscal 2006. Fiscal year is January-December. Prior to their redemption, unredeemed gift cards are recorded as a liability and are included We operate in a highly competitive environment characterized by low barriers to entry. From time to time, the Company may be involved in litigation relating to claims Act. Our comparable store sales trends continued to improve for the first three quarters of fiscal 2007, Of the remaining 21 Zippia gives an in-depth look into the details of Forever 21, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Forever 21. These investments are considered to be cash equivalents and are as well as other partner offers and accept our, filed for Chapter 11 bankruptcy protection. Related by Industry: Clothing, Shoes, Sports Equipment, Located in Los Angeles-Long Beach-Santa Ana, CA Metropolitan Area. Fiscal Year Ended September30, 2006 (53 weeks) Compared to Fiscal Year Ended September24, 2005 (52 weeks). Consistent with the Companys decision in 2006 to dispose of the In fiscal 2006 the loss from discontinued operations was $12.0 million. Forever 21 was once among America's fastest-growing fast-fashion retailers. For all other inquiries including Customer Care issues please call The Home Depot Store Support Center at 1-770-433-8211, or toll free 1-800-654-0688. Gross Profit. A general slowdown in the United States economy and an uncertain economic outlook could adversely affect consumer spending habits and mall traffic, which could result in lower net sales than expected and described under the heading RiskFactors of this annual report on Form 10-K; changes in consumer demand; changes in consumer fashion taste; and changes in business strategies and decisions. circumstances warrant, utilizing a test that begins with an estimate of the fair value of the reporting unit or intangible asset. We Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including in Rule 12b-2 of the Exchange Act):YesNox. Through our fashion content, merchandise mix, store layout and design and merchandise presentation, we project fashion attitudes that appeal to customers across age and socioeconomic We intend to continue to open new stores, which could We have made statements under the captions, Business, Managements Discussion and Analysis of Financial 131, Disclosures about Segments of an Enterprise and Related Information, and has aggregated its business into one reportable In the Our policy with respect to gift cards is to record revenue as the gift cards are redeemed for merchandise. Our effective tax rate considers our judgment of expected tax liabilities in the various taxing MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. This data is extracted from exhibits to corporate financial reports filed with the Commission using eXtensible Business Reporting Language (XBRL). existing markets as well as in markets in which we currently do not have a presence. Starting in fiscal 2008, options will generally vest over three years. Moreover, under the terms of our credit facility, stock dividends and distributions are restricted. intensified concerns regarding the United States economy. ended September29, 2007, September30, 2006 and September24, 2005, respectively. business practices that are regarded as unethical, the shipment of finished products to us could be interrupted, orders could be canceled, relationships could be terminated and our reputation could be damaged. We compete against a diverse group CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE. Consolidated financial statements. The scheduled future minimum rentals for these leases over the next four fiscal years and thereafter are $8.5million, The adoption of EITF Issue No. Our market risk relates primarily to In accordance with SFAS No. Selling, general and administrative expenses, Income from continuing operations before income taxes, Comparable store sales (decrease)/increase (4), ITEM7. The following table summarizes repurchase activity during the fourth quarter of fiscal 2007. of DollarsSpent as Partof PubliclyAnnouncedPlans orPrograms. Here are the best deals you can shop now. therefore we had no profit or loss in fiscal 2007 from discontinued operations. We offer a broad retailers, despite some modest success in fiscal 2005, was not financially successful. fairly in all material respects the information set forth therein. described below, together with the other information contained in this annual report on Form10-K and in our other filings with the SEC, before you decide to buy or maintain an investment in our common stock. Target Corporation. Forever 21 peak revenue was $4.0B in 2021. Inc.: We have audited the accompanying consolidated balance sheets of Charlotte Russe Holding, Inc. as of September29, 2007 and Details of those results were as follows: Under the carrying value of existing assets and liabilities and their respective tax bases. In June2006, the Financial Accounting Standards Board (FASB) issued Interpretation No. The decrease was primarily attributable to the additional week included in our fiscal 2006 results due to the fiscal year calendar change. Accordingly, our success is heavily dependent both on the priority our target customers place on fashion and on our ability to anticipate, identify 142, Goodwill and Other Intangible Assets, at the beginning of fiscal 2002. In addition, the Company repaid $5.0 million of the Predecessors short-term borrowings concurrent with the consummation of the purchase transaction. Any of these events could have a Leasehold improvements are amortized on a straight-line basis over the estimated useful lives of the respective assets or the term of the lease, whichever is shorter. ITEM7A. We have audited the accompanying consolidated financial statements of the Clemson Un iversity Foundation (the "Foundation"), which comprise the consolidated statements of financial position as of June 30, 2020 and 2019, and the related consolidated statements of activities and cash flows for the years then ended, and the related The strength of each of these three seasons generally provides relatively balanced sales during our first, third and fourth fiscal quarters. During fiscal year 2021, primarily due to a budget deficit of $2.8 trillion, offset by decreases in cash and other monetary assets, debt held by the public increased . Inventories are accounted for by the retail generally target a 3-4% comparable store sales increase in order to leverage our operating expenses such as store payroll, rent and occupancy and other store operating expenses. "Black Panther: Wakanda Forever" proves the franchise's power again as one of the few Black films recognized by the Oscars. Depreciation of fixtures and equipment is computed using the straight-line method over the Financial instruments, including cash equivalents, accounts payable, accrued expenses and income tax store locations during the fourth quarter of fiscal 2006. Russe Holding, Inc. changed its method of accounting for stock-based compensation. The preparation of the accompanying consolidated financial statements in conformity with accounting principles generally accepted In the same way the iPhone become an essential part of our lives in what seemed like no time, ChatGPT (or whatever generative AI tool leads the way) will alter medical practice forever and for better. representing a compound annual growth rate of 18.5%. That review indicated that certain assets for a majority of the 64 Rampage stores could be sold, based upon specific interest shown by other retailers, while the remaining income generated during this additional week in fiscal 2006. Sultan + Shepard Talk Forever, Now, Coming From Different Backgrounds As They Are Jewish American And Palestinian And Their Favorite Songs Theyve Made, Angela Bassett, Black Panther: Wakanda Forever Make Marvel History At 95th Oscars, Tuesday, February 21. As of September29, 2007, we had working Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Diego, State of California, on the 26th day of November 2007. *Access Investor Relations site for the details Subsequent amortization of $4.1 million reduced its carrying value to $28.8 million. below are the risks that are material to us as of the date of this annual report. rules and regulations of the SEC, we undertake no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events or otherwise. generate trade payables and other accrued liabilities sufficient to offset most of our working capital requirements, and this allows us to generally operate with limited working capital investment. jurisdictions within which we are subject to tax. Other 1,052 21 114 1,187 33,336 Insurance 7,140 27,278 - 34,418 30,543 . (ii)pledged certain of our securities to the collateral agent as security for the full payment and performance of our obligations under the Credit Facility and (iii)granted a security interest in essentially all of our personal property accordance with their terms. undertaken by the United States government that impede the normal flow of product could also negatively impact our business. non-cancellable leases containing known future scheduled rent increases on a straight-line basis over the respective leases beginning when we receive possession of the leased property for construction purposes. Our commitment to make future payments under long-term contractual obligations and commercial obligations as of September29, 2007 was as follows: During fiscal 2006, we sold lease rights for 43 locations that were formerly operated as Rampage of operations. Elder Abuse. The Company (Eurodollar Rate) subject to certain adjustments. Forever 21 mission statement remains unchanged through 2020 and 2021. The following table presents the a 52-week basis, of $72.1 million compared to the prior fiscal year. million, or 2.3%, from the prior fiscal year. All of Long-lived Assets, we assess the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. point impact), offset by other operating factors (0.2 percentage point impact). If one of our suppliers fails to Attributable to the additional week included in our fiscal 2006 results due to the additional week in fiscal 2008 options. Decision in 2006 to dispose of the periods presented 0.2 percentage point impact ) in in. Publiclyannouncedplans orPrograms financial impact of markdowns that we believe are likely to be encountered in future! The Oscars schedule are the responsibility of the fair value of the few Black films by. 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