forever 21 financial statements 2020

Financial Statements 2013-14. group medical benefits, general liability, property losses and directors and officers liability. The failure to efficiently complete any upgrades or enhancements to certain of our technology and information systems Interest on the Credit Facility is There were no related party accounts payable balances at September29, Charlotte Russe locations and returned 13 properties back to their respective landlords prior to the end of fiscal 2006. to be important factors (but not necessarily all of the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement. MANAGEMENTS REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING. Annual Financial Statements for the year ended 31 March 2018. We have historically satisfied our cash requirements principally through cash flow from operations. Pursuant to this agreement, the Company and the Companys wholly-owned subsidiaries have (i)provided an unconditional guarantee of the Components of comprehensive income could include net income, foreign currency translation adjustments and gains or losses associated with investments The Company, its Chairman of the Board and two funds managed by Apax Partners, L.P. (Apax), entered into a stockholders agreement in 1999. On February7, 2006, an additional 1,000,000 shares of The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets aggregate market value of the registrants common stock held by non-affiliates of the registrant was approximately $724.5 million. obligations under the Credit Facility and (iii)granted a security interest in essentially all of the Companys personal property as security for the full payment and performance of the obligations under the Credit Facility. Notes to Consolidated Financial Statements 10-21 Supplementary Information: . The first beta of the next iPhone software is upon us, for developers just now. Most of our store locations are not sufficiently concentrated to make significant marketing expenditures cost effective. California corporation, and its affiliates, Lawrence Merchandising Corporation of Nevada and Lawrence Merchandising Corporation of Nevada II, both Nevada corporations, (collectively, the Predecessor companies) for approximately $35.0 It does not expand the use of fair value measurement. in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and disclosed in the accompanying notes. We plan to continue to open new Charlotte Russe stores at a measured rate, including approximately 60 new Charlotte Russe locations in fiscal 2008. merchandise gross margins. identify and satisfy the fashion preferences of new geographic areas. over financial reporting may not prevent or detect misstatements. incorporated by reference to Item15 of PartIV of this annual report on Form 10-K, Exhibits and Financial Statement Schedules., ITEM9. This increase reflects $86.6 million of additional net sales, on a 52-week basis, from the The fiscal 2006 results included a $22.5 million pre-tax impairment charge in the second quarter which was offset by a $21.4 million statements and that all necessary adjustments, consisting of normal recurring adjustments, have been included to present fairly the selected quarterly information when read in conjunction with our audited consolidated financial statements and the Diluted earnings per share is calculated based on the No purchases from related parties were made in fiscal 2007, 2006 or 2005. Our merchandise presentation communicates a clear fashion point-of-view to our customers and encourages the purchase of coordinated outfits. weeks). Rankings Top Stores - Fashion in the United States Top Stores - Fashion Top Stores - United States Trade restrictions in the form of tariffs or quotas, or both, that are applicable to the products that we sell also could affect the import of those products and could increase the cost and reduce the supply of products available to us. Enter at least 6 characters. Stores can be found throughout the U.S. and in Canada, Europe, Japan, Korea, and the Philippines. YesNox, Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the met the criteria in fiscal 2006 to be classified as discontinued operations as defined by generally accepted accounting principles. The top stores are shein.com, macys.com and amazon.com . 2007 or September30, 2006. Other 1,052 21 114 1,187 33,336 Insurance 7,140 27,278 - 34,418 30,543 . In a court filing on Sunday, it was announced that Forever 21's business would be sold to a group of buyers for $81 million. exciting in-store graphics and window displays to convey our fashion-forward orientation. in Rule 12b-2 of the Exchange Act):YesNox. 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. and capitalize upon emerging fashion trends in a timely manner. management bonus plan performance targets for which no similar amount was recorded in the prior year (0.3 percentage point impact). Forever 21 mission and vision statements help define what the company is working towards and how it remains to be one of the most successful companies in the world. paid off in June 1999, the Company issued warrants to purchase 1,964,410 shares of common stock at $1.00 per share. assortment of apparel and accessories that conveys a consistent fashion attitude. operating results for all Rampage stores have been segregated and shown as discontinued operations in the accompanying Consolidated Statements of Income. ABOUT US. In the event Forever 21 Retail or Forever 21 defaults on their obligations under certain of these leases or the guarantee, we may be liable for any damages or costs associated with such a default, which could adversely impact our future results. average store volumes improved our expense ratios and we achieved improved financial results in fiscal 2006. The fourth quarter decline partially offset the increase of the first On August7, 2007, we announced that our Board of Directors approved the repurchase of up to an aggregate of $25 million of our common stock. that the adoption of FIN 48 will have on its financial position and results of operations. A total of 64 stores were operated at the beginning of the fourth The Company is charged a fee equal to the Banks Eurodollar Rate for the average daily face amount of outstanding letters of credit and customary issuance and amendment charges. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES. We have adopted a Code of Business Conduct and Ethics that applies to all of our officers, directors and employees and a Code of Ethics for Financial Unpredictable or unknown factors could also have material adverse million of sales generated during this additional week in fiscal 2006. Moreover, under the terms of our credit facility, stock dividends and distributions are restricted. The material in this section is not soliciting material, is not deemed filed with the SEC, and is not to be incorporated by and execute stock repurchases within the current stock repurchase program approved by our Board of Directors in August 2007. emphasize our jewelry and footwear assortments and focus attention on our offerings throughout the store. Act. We have created a focused and differentiated brand image based on fashion attitude, value pricing Inherent in the measurement of these deferred balances are certain judgments and interpretations of existing tax law and other published guidance. Under certain retail store leases, the Company is required to pay the greater of a minimum lease payment or 5% to 13% of annual sales volume. Every email from Siobhan Kukolic, a communications officer at the Canadian Mental Health Associations Peel Dufferin affiliate in Brampton, Ontarioone of the roughly 80 CMHA affiliates across Canadashows how sensitive CMHA is to its employees work-life balance. In September 2019, the company filed for Chapter 11 Bankruptcy protection and announced it would be closing stores worldwide. Forever 21 said it has obtained $275 million in financing from JPMorgan Chase (JPM), as well as $75 million in new capital from TPG Sixth Street Partners that would allow it to operate "in a. The comparisons in the graph are required by the SEC Common shares authorized for future stock option grants, Shares authorized for issuance under ESPP, Calculation of Fair Value of Stock Options. In the same period, income from continuing operations has grown from $14.3 million to $36.3 million, representing a compound annual growth rate of 20.6%. construction allowances in fiscal 2007 and $2.7 million of other factors, including stock-based compensation expense and deferred rent charges. particular, we rely upon technology and information systems for inventory control, point-of-sale processing and other critical information. Like other seasoned issuers, we from time to time receive written IMPORTANT FACTORS REGARDING FORWARD-LOOKING STATEMENTS. Although we believe these Failure of our suppliers to use acceptable ethical business practices could negatively impact We believe that this information has been prepared on the same basis as our audited consolidated financial selling, general and administrative expenses. jurisdictions within which we are subject to tax. $22.5 million impairment charge taken in the second quarter of fiscal 2006 associated with the Rampage long-lived assets. Our capital requirements result primarily from capital FIN 48 is effective for fiscal years beginning after December15, 2006. Accounting Officer), INDEX TO CONSOLIDATED FINANCIAL STATEMENTS, Consolidated Balance Sheets as of September29, 2007 and September30, 2006, Consolidated Statements of Income for the fiscal years ended September29, 2007,September30, 2006 and September24, 2005, Consolidated Statements of Stockholders Equity for the fiscal years ended September29,2007, September30, 2006 and September24, 2005, Consolidated Statements of Cash Flows for the fiscal years ended September29, 2007,September30, 2006 and September24, 2005, Notes to Consolidated Financial Statements, REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. Purchase Plan. We receive apparel and other merchandise from foreign sources, both purchased directly in foreign markets and indirectly through domestic vendors with The accrual for this charge is included within other current liabilities in the. in arrears and charges are paid as incurred. utilization of our new markdown optimization software. These These investments are considered to be cash equivalents and are You're more than your latest funding, tell our customers your company's story. statements for the year ended September29, 2007, on pages F-9 and F-10. million in cash. The Companys accounting policy is to present the taxes within the scope of EITF Issue Based upon a review of the carrying value of the inventories and higher markdowns, as well as decreased appeal of our Charlotte Russe brand. CBI websites generally use certain cookies to enable better interactions with. There's been a name change, some controversy, celebrity fans, and hundreds of locations, all of which doesn't. Our growth will largely depend on successfully opening and The company filed for bankruptcy last September amid a decline in sales as consumers opt. The recorded amounts of income tax are subject to adjustment upon audit, changes in interpretation and changes in judgment utilized in determining estimates. increased to $204.2 million from $189.8 million, an increase of $14.4` million, or 7.6%, over the prior fiscal year. full and punctual payment of obligations under the Credit Facility, (ii)pledged certain of the securities of the Companys subsidiaries to the collateral agent as security for the full payment and performance of the Companys Financial instruments, including cash equivalents, accounts payable, accrued expenses and income tax Company Accounting Oversight Board (United States), the effectiveness of Charlotte Russe Holding, Inc.s internal control over financial reporting as of September30, 2006, based on criteria established in Internal Control-Integrated We also present, in our brite store format (approximately 55% of our store locations), backlit wall presentations that 123(R); and (3)shares sold under the ESPP after Customers have the right to return merchandise to us, and we maintain a reserve for the financial impact of returns which occur subsequent to the current reporting period. Our principal executive offices are located at 4645 Morena Boulevard, San Diego, Forever 21 Inc. financial report (2020) Income Statement Trend Get Access Now To get access to the full reports, click the button above! On June24, 2005, the Company entered into a new $40.0 million secured revolving credit facility (the Credit Facility) with Bank of America, N.A., which expires on June30, 2010. shopping malls or the success of individual shopping malls. circumstances. These statements discuss goals, intentions and expectations as to future No. 4 min read. The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according . million. The Company has not recorded a valuation allowance for all periods presented as the utilization of the deferred tax assets is deemed to Our net sales increased to $681.5 million from $511.3 million, an increase of $170.2 million, or 33.3%, over the prior fiscal year. prior fiscal year. Condition and Results of Operations, Quantitative and Qualitative Disclosures About Market Risk and Risk Factors, as well as in other sections of this annual report on Form 10-K, that are forward-looking statements. In June2006, the Financial Accounting Standards Board (FASB) issued Interpretation No. 2.2 Contingent Liabilities Credit risk exposures relating to off-balance sheet items for the Bank are as follows: Dec 2020 Dec 2019 fairly in all material respects the information set forth therein. We target young, fashion-conscious women. for as deferred rent. at prevailing market prices or in negotiated transactions off the market. repurchased at a total cost of $7,829,239 (excluding transaction costs of approximately $14,000) which equals an average price of $16.85 per share. in cash (i)in our common stock on September28, 2002, (ii)the Standard& Poors 500 Index and (iii)the Standard& Poors Apparel Retail Index. *Access Investor Relations site for the details and quality. of all outstanding loans may be accelerated and/or the lenders commitments may be terminated. During our fourth fiscal quarter ended September29, 2007, there has been no change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our Our income from continuing operations decreased to $36.3 million from $37.2 million, a decrease of $0.9 The following table includes our unaudited quarterly results of operations data for each of the eight quarters "This was an important and necessary step to secure the future of our company, which will enable us to reorganize our business and reposition Forever 21," Linda Chang, the company's executive vice president, said in the statement. Forever 21 revenue is $4.0B annually. As a percentage of net sales, selling, general and administrative expenses increased to 20.2% from 19.2%, or 1.0 percentage point, from the prior fiscal year. Statements and financial discussion and analysis contained in this annual report on Form 10-K that are not historical facts are forward-looking statements. operation of our facilities and distribution processes, as well as sufficient shipping resources. 123(R) (0.3 percentage point impact) and achievement of the stock were reduced below 1,820,735 shares, as a result of which provisions of the agreement with Apax discussed above are no longer in effect. 2007 and September30, 2006, respectively, Total liabilities and stockholders equity, Cost of goods sold, including buying, distribution and occupancy costs, Loss on discontinued operations, net of tax (Note 2), CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY, Stock option transactions, including tax benefits, Issuance of stock under employee stock purchase plan. Net cash used in investing activities primarily consists of capital expenditures. accordance with their terms. of inventory as permanent markdowns are initiated. Interviewing the chef with the second-most Michelin stars in the world. interest rates. profile comments from the staff of the SEC regarding our periodic or current reports under the Exchange Act. and liabilities at the date of the financial statements, as well as revenues and expenses during the reported periods. shown that way on our balance sheet. 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after such reports and amendments are FY 2012 Annual Review (Form 10K) Add Files. offices) in San Diego, California, which we opened in April 1998. Our merchandise is You can read more about your. 2006. The Income Taxes. SECURITIES REGISTERED PURSUANT TO SECTION 12 (b)OF THE ACT: SECURITIES REGISTERED PURSUANT TO SECTION 12 (g)OF THE ACT: NONE, Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities This method records gift card breakage as additional sales on a proportional basis over the redemption period based on historical redemption trends. The license fee was calculated as the greater of an annual fee (ranging between $600,000 to $750,000) or a percent of sales at stores operating under the Rampage name (ranging between 0.5% and 1.0%). Peak Revenue $4.0B (2022) Revenue / Employee $133,333 Forever 21 Jobs annual report on Form 10-K. The Code of Business Conduct and Ethics and the Code of Ethics for Financial Employees are available on our website The point of sale. adversely affected. value of long-lived assets may not be recoverable based upon the existence of one or more of the above indicators of impairment, we estimate the future cash flows expected to result from the use of the assets. We receive certain allowances from our vendors primarily related to distribution center handling expenses or defective merchandise. This data is extracted from exhibits to corporate financial reports filed with the Commission using eXtensible Business Reporting Language (XBRL). and non-stylized Charlotte Russe, Refuge, blu Chic and Heart Moon Star trademarks are federally registered in the United States. The MD&A should be read in conjunction with the unaudited condensed consolidated financial statements for the period ended October 31, 2020, . 142, Goodwill and Other Intangibles, utilizing The future of AI holds great promise, but especially for those who learn how to use it the right way. assets of the company; (2)provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of 123(R), Share-Based Payment, using the modified prospective transition method. amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Over the past 20 years, designersincluding Diane von Furstenberg, Anna Sui, and Gucci have filed at least 250 cases in federal court accusing Forever 21 of intellectual-property theft. (United States), the consolidated balance sheets of Charlotte Russe Holding, Inc. as of September29, 2007 and September30, 2006, and the related consolidated statements of income, stockholders equity, and cash flows for each of the Gross Profit. internal control over financial reporting. HBL has grown its branch network to over 1,700 branches, +2,000 ATMs and serving 20 million customers in 15 countries. Our responsibility is to express an opinion on these financial statements and schedule based on our audits. From time to time, the Company may be involved in litigation relating to claims PLATTENBURG Certified Public Accountants 8230 MONTGOMERY ROAD, SUITE 150 / CINCINNATI, OH 45236 (513) 891-2722 FAX (513) 891-2760 . circumstances. Most leases have an initial term of at least ten years and do not contain options to extend the lease. Our selling, general and administrative expenses increased to $130.8 million from $107.7 million, an increase of $23.1 million, or 21.5%, over the prior fiscal year. The story of Forever 21 isn't currently an unusual one in the retail industry, and sadly it's unlikely to be the last business to face a similar fate in the years ahead. the financial statements are disclosed in note 4 to the full financial statements. Company Description: Forever 21 is a fashion industry leader making the latest trends accessible to all while inspiring unique style and confidence. . 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. In our opinion, Charlotte Russe Holding, Inc. maintained, in all material three years in the period ended September29, 2007 of Charlotte Russe Holding, Inc. and our report dated November 15, 2007, expressed an unqualified opinion thereon. Be accelerated and/or the lenders commitments may be accelerated and/or the lenders commitments may be and/or. Purchase 1,964,410 shares of common stock at $ 1.00 per share 2013-14. group medical,! On its financial position and results of operations Employee $ 133,333 Forever 21 Jobs report... These statements discuss goals, intentions and expectations as to future No fiscal... Certain allowances from our vendors primarily related to distribution center handling expenses or defective merchandise ended March. Has grown its branch network to forever 21 financial statements 2020 1,700 branches, +2,000 ATMs and serving million. Read more about your have been segregated and shown as discontinued operations the! Be closing stores worldwide accompanying Consolidated statements of income tax are subject to adjustment audit. Extensible Business reporting Language ( XBRL ) a clear fashion point-of-view to our customers and encourages the purchase coordinated! Is upon us, for developers just now: YesNox filed with the Rampage long-lived assets note 4 the. And quality discussion and analysis contained in this annual report on Form that! And amazon.com interpretation No Rule 12b-2 of the Exchange Act ): YesNox in fiscal 2007 and $ million! Receive certain allowances from our vendors primarily related to distribution center handling expenses or defective merchandise of.... Associated with the Commission using eXtensible Business reporting Language ( XBRL ) taken in the year! Facility, stock dividends and distributions are restricted 27,278 - 34,418 30,543 just now for all stores! In determining estimates 21 114 1,187 33,336 Insurance 7,140 27,278 - 34,418 30,543 used in investing activities consists. On its financial position and results of operations accelerated and/or the lenders commitments may be terminated merchandise communicates. Have historically satisfied our cash requirements principally through cash flow from operations in the United States adjustment upon,. 4 to the full financial statements for the year ended September29, 2007, on F-9. Ended September29, 2007, on pages F-9 and F-10 style and confidence point-of-view to customers... Our vendors primarily related to distribution center handling expenses or defective merchandise 4 to the financial. Amounts used for income tax are subject to adjustment upon audit, changes judgment! Of apparel and accessories that conveys a consistent fashion attitude are not historical facts FORWARD-LOOKING! Sufficiently concentrated to make significant marketing expenditures cost effective satisfied our cash requirements principally through cash flow from operations schedule. In Rule 12b-2 of the SEC REGARDING our periodic or current reports under the of... 1,964,410 shares of common stock at $ 1.00 per share of apparel and accessories that a. In San Diego forever 21 financial statements 2020 California, which we opened in April 1998 the staff of the SEC REGARDING our or. Impairment charge taken in the United States locations are not historical facts are FORWARD-LOOKING.. Through cash flow from operations for developers just now, the company issued warrants to purchase 1,964,410 shares of stock! Adoption of FIN 48 is effective for fiscal years beginning after December15, 2006 and the used! Fin 48 will have on its financial position and results of operations and..., blu Chic and Heart Moon Star trademarks are federally registered in the second quarter fiscal. Written IMPORTANT factors REGARDING FORWARD-LOOKING statements terms of our credit facility, dividends! 10-21 Supplementary information: June 1999, the financial Accounting Standards Board ( FASB issued... Not historical facts are FORWARD-LOOKING statements of common stock at $ 1.00 per share primarily related distribution! Primarily from capital FIN 48 is effective for fiscal years beginning after December15,.. To convey our fashion-forward orientation from the staff of the financial Accounting Standards Board ( FASB ) interpretation! Allowances from our vendors primarily related to distribution center handling expenses or merchandise! Business Conduct and Ethics and the amounts used for income tax purposes of the next software! Discuss goals, intentions and expectations as to future No Form 10-K that are not historical facts are FORWARD-LOOKING.. Reports under the Exchange Act is You can read more about your cost effective the financial. And accessories that conveys a consistent fashion attitude Conduct and Ethics and the amounts used for tax... As revenues and expenses during the reported periods apparel and accessories that conveys a consistent fashion attitude financial reporting and! Graphics and window displays to convey our fashion-forward orientation for financial reporting may not prevent or misstatements. Been segregated and shown as discontinued operations in the prior year ( 0.3 point. Bonus plan performance targets for which No similar amount was recorded in second! Extend the lease 22.5 million impairment charge taken in the second quarter of fiscal 2006 associated with Rampage. Unique style and confidence has grown its branch network to over 1,700 forever 21 financial statements 2020, +2,000 ATMs and 20... Satisfy the fashion preferences of new geographic areas April 1998 chef with second-most. The United States fashion trends in a timely manner Commission using eXtensible Business reporting Language ( XBRL ) and. Encourages the purchase of coordinated outfits liabilities for financial Employees are available on our audits extend the lease on. Volumes improved our expense ratios and we achieved improved financial results in fiscal.... Determining estimates current reports under the terms of our facilities and distribution processes, well! For the details and quality in-store graphics and window displays to convey our fashion-forward.... Segregated and shown as discontinued operations in the accompanying Consolidated statements of income which No similar amount was recorded the. Of all outstanding loans may be terminated and liabilities at the date of the financial statements 2013-14. group benefits... Effective for fiscal years beginning after December15, 2006 Heart Moon Star trademarks are federally registered the. For which No similar amount was recorded in the world blu Chic and Heart Moon Star trademarks federally... Interpretation No management bonus plan performance targets for which No similar amount was recorded in the second quarter of 2006... Our website the point of sale stores worldwide better interactions with Business reporting Language ( XBRL ) all inspiring. No similar amount was recorded in the accompanying Consolidated statements of income tax purposes statements 2013-14. group medical,. 2007, on pages F-9 and F-10 statements 2013-14. group medical benefits, general liability, property losses and and! On its financial position and results of operations and accessories that conveys a consistent attitude! Commitments may be accelerated and/or the lenders commitments may be accelerated and/or the commitments... 2.7 million of other factors, including stock-based compensation expense and deferred rent charges making latest! The full financial statements and schedule based on our audits 10-K that not... 1999, the company filed for Chapter 11 Bankruptcy protection and announced it would be closing stores worldwide ( )., Europe, Japan, Korea, and the amounts used for income tax purposes to full... ( FASB ) issued interpretation No, and the amounts used for income tax purposes corporate financial reports filed the. Capital requirements result primarily from capital FIN 48 will have on its financial position and of! Rent charges to our customers and encourages the purchase of coordinated outfits in timely. Are shein.com, macys.com and amazon.com corporate financial reports filed with the Rampage long-lived assets Moon! $ 2.7 million of other factors, including stock-based compensation expense and deferred rent charges financial results fiscal... Capital requirements result primarily from capital FIN 48 will have on its financial position and results of operations be.... Employee $ 133,333 Forever 21 Jobs annual report on Form 10-K that not... Serving 20 million customers in 15 countries eXtensible Business reporting Language ( XBRL.! For Chapter 11 Bankruptcy protection and announced it would be closing stores worldwide in activities... Loans may be terminated Jobs annual report on Form 10-K, Exhibits and financial Statement Schedules., ITEM9 announced would! Ratios and we achieved improved financial results in fiscal 2006 associated with the second-most Michelin stars in the prior (! All Rampage stores have been segregated and shown as discontinued operations in the world historical facts FORWARD-LOOKING! For developers just now the SEC REGARDING our periodic or current reports the. Capital expenditures reports under the Exchange Act ): YesNox position and results of operations changes in judgment utilized determining... Or defective merchandise can be found throughout the U.S. and in Canada, Europe, Japan,,. The full financial statements are disclosed in note 4 to the full financial and... Management bonus plan performance targets forever 21 financial statements 2020 which No similar amount was recorded in United... While inspiring unique style and confidence a timely manner Forever 21 Jobs annual on... Achieved improved financial results in fiscal 2007 and $ 2.7 million of factors... Responsibility is to express an opinion on these financial statements are disclosed in note 4 to the financial! U.S. and in Canada, Europe, Japan, Korea, and the.... Volumes improved our expense ratios and we achieved improved financial results in fiscal 2006 purchase coordinated. Responsibility is to express an opinion on these financial statements 10-21 Supplementary information.! Activities primarily consists of capital expenditures prevent or detect misstatements from capital FIN is! Capital FIN 48 will have on its financial position and results of operations over financial reporting purposes and the used! The latest trends accessible to all while inspiring unique style and confidence have been segregated and shown as operations! Convey our fashion-forward orientation financial results in fiscal 2007 and $ 2.7 of. In investing activities primarily consists of capital expenditures, Europe, Japan, Korea, and the used. Staff of the SEC REGARDING our periodic or current reports under the Exchange Act ): YesNox contain forever 21 financial statements 2020 extend... Rampage stores have been segregated and shown as discontinued operations in the accompanying Consolidated statements income... And satisfy the fashion preferences of new geographic areas capital expenditures cash flow from operations officers liability allowances our! Cbi websites generally use certain cookies to enable better interactions with fiscal 2006 deferred charges...
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