Forever 21 filed for bankruptcy — again. Sunday's filing marked the brand's second bankruptcy, as it previously filed in 2019. The company, which is expected to shut down all of its US stores ...

Forever 21's operator plans to have all of its more than 350 locations vacated before the end of next month following its Chapter 11 bankruptcy filing over the weekend, the company said.

At its best, Forever 21 needed one month to design, ship and get fresh merchandise to its selling floors, but Zara could do it in half the time. Department stores typically need 10 months or so.

Forever 21 has faced financial struggles, leading to employee layoffs and store closures. “This decision was not made lightly,” a Forever 21 spokesperson said about the layoffs in a statement ...

Forever 21 entered bankruptcy with $1.58 billion in debt, after losing more than $400 million over the last three years. It lost $150 million in 2024 alone, and was projected to lose approximately ...

Forever 21, which was founded by Korean-born American husband and wife Do Won and Jin Sook Chang in 1981, grew to amass a network of over 800 stores while becoming multi-billion dollar company ...

Forever 21 has always been a reliable place to find cheap staples such as T-shirts, hoodies and leggings, as well as third-generation knockoffs of designs you could never afford from the couture ...

Forever 21 — owned by husband-and-wife team Do Won Chang and Jin Sook Chang, who emigrated from South Korea before starting the firm — has hired restructuring advisors to explore the chain’s ...

Forever 21 said that it would continue to operate its website and hundreds of stores in the United States, where it is a major tenant for mall owners, as well as stores in Mexico and Latin America.

Forever 21 has faced financial struggles, leading to employee layoffs and store closures. “This decision was not made lightly,” a Forever 21 spokesperson said about the layoffs in a statement ...

Forever 21 has faced financial struggles, leading to employee layoffs and store closures. “This decision was not made lightly,” a Forever 21 spokesperson said about the layoffs in a statement ...