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Forever 21 reportedly planning nearly 200 store closures in second bankruptcy

Summary by The Globe & Mail
The potential bankruptcy is also looking for a buyer for the retailer’s remaining stores

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Forever 21 reportedly planning nearly 200 store closures in second bankruptcy

The potential bankruptcy is also looking for a buyer for the retailer’s remaining stores

·Canada
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Edital Concursos BrasilEdital Concursos Brasil

End of an era: Forever 21 declares bankruptcy and will close stores

Forever 21 announced that it will close all of its U.S. operations after filing for bankruptcy on Sunday, March 16, 2025. This is the brand’s second bankruptcy filing in six years, reflecting the struggles faced by the fast fashion industry. The decision comes amid growing competition from online retailers such as Shein and Temu, which dominate the market with lower prices and an aggressive digital strategy. The company has been struggling since…

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The Globe & Mail broke the news in Canada on Monday, April 7, 2025.
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