Forever 21 to Close All US Stores Amid Bankruptcy Filing
Forever 21, a pioneer of fast fashion, has filed for bankruptcy and will close its remaining US stores. The company cites intense competition from foreign fast-fashion retailers, leveraging pricing advantages, as a major factor in its demise. Rising costs, economic headwinds, and shifting consumer trends also contributed to the decision. While US stores will close, international locations and the company’s website will remain operational.
John Q. Hosedrinker