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Teen mall retail isn’t supposed to be working right now. Forever 21 just collapsed, Shein and Temu are under regulatory pressure, and Gen Z and Gen Alpha allegedly buy everything on TikTok anyway. Yet Edikted, the fast-growing brand selling lace corset tops and denim micro-minis to American teenagers under a queasy name, is quietly making large gains—opening stores at a healthy clip with revenues, according to one estimate, in the mid-nine-figure range. Meanwhile, most people in the fashion business still couldn’t tell you who actually runs it.