Science and Technology Science and Technology

Forever 21 is going out of business in the United States


Published on 2025-03-17 11:20:54 - CNN
  Print publication without navigation

  • A Forever 21 store in New York seen in February 2025. - Yuki Iwamura/Bloomberg/. Forever 21 isn't even cool enough to exist anymore. The retailer's US operating co

Forever 21, the fast-fashion retailer, has filed for bankruptcy in the U.S. for the second time, as reported by MSN Money. This move comes as the company struggles with declining sales and the broader retail industry's shift towards online shopping. The initial bankruptcy filing in 2019 led to the closure of many of its stores, and now, facing similar financial pressures, Forever 21 is seeking to reorganize its debts and potentially close more underperforming locations. The company aims to streamline operations and adapt to the changing retail landscape, focusing on e-commerce and more sustainable business practices to remain competitive.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/money/companies/forever-21-files-for-bankruptcy-in-the-us-again/ar-AA1B4xOB ]