Forever 21 Bankruptcy? Major Layoffs & 200+ Store Closures Expected!

It looks like Forever 21 is heading toward Chapter 11 bankruptcy and preparing to close at least 200 stores as part of the process. 😬 With the rise of online fast fashion giants like Shein and Temu, brick-and-mortar retailers like Forever 21 are struggling to keep up.

🔹 What’s happening?

• 350 layoffs starting April 21st
• LA headquarters shutting down
• At least 200 store closures expected

This will likely impact shopping malls already dealing with major retail losses. If you’re a Forever 21 fan, watch for potential liquidation sales and big clearance discounts in the coming months!

🔗 Full details: Read more here

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