Forman Mills founder’s new venture aims to turn unwanted feedback from online shoppers into big profits | app

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PHILADELPHIA — From a warehouse in Pennsauken, Rick Forman built the Forman Mills discount chain into a network of 36 stores, then sold it to private investors in 2016.

He is now back with Turn7, which he says is a different type of discount store, taking advantage of increased retail inventory and returns that have piled up during the pandemic and closures that have cost 25,000 stores to consumers. United States since 2018. Until 50,000 additional stores could close by 2027according to a Wall Street estimate.

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