Forever 21 set to shut down its U.S. operations as it files for bankruptcy

Forever 21, once a leader in youth fashion retail, is set to permanently close all its U.S. stores as it files for bankruptcy for a second time.

Topics

Fashion-retailer Forever 21 files for bankruptcy for a second time

Forever 21's U.S. retail operator plans liquidation sales after filing Chapter 11 for the second time in six years.
CBS News - 5h
Forever 21 files for bankruptcy in the US

US stores will remain open as Forever 21's operating company "begins its process of "winding down".
BBC News - 13h
Forever 21 Operator Files for Bankruptcy

The company, which helped popularize fast fashion in the United States, has struggled to compete with online retailers. It is the company’s second bankruptcy filing in six years.
The New York Times - 13h
Mall staple Forever 21 files for bankruptcy protection, again

Forever 21 has filed for bankruptcy protection for a second time as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies
ABC News - 7h
Forever 21 expected to close all U.S. stores, blames Shein and Temu for demise

Forever 21 blamed its second bankruptcy on rising competition from upstarts like Shein and Temu and their use of the de minimis exemption, a trade law loophole.
CNBC - 1h
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