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
Stay tuned to DealTimeFreaks.com for all the latest retail updates and deal alerts! 🛍️🔥
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