Forever 21 closes all its US stores due to Bankruptcy

Daily Tribune

Summary

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Fast-Fashion Forever 21 Operator Goes Bankrupt Again
Bloomberg News
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Fast-fashion retailer Forever 21's US operating company on Sunday filed for Chapter 11 bankruptcy for the second time in six years, hamstrung by dwindling mall traffic and mounting competition from online retailers.
The Manila Times
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The corrosive effect of a duty loophole on American retailers was thrust back into the spotlight Monday with the announced liquidation of a major fashion chain.
Axios
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The fast fashion retailer’s filing comes after the company was unable to find a buyer for its 359 stores nationwide.
The Independent

■ Story #43 ▪

issue 88:88 ▪

42 items ▪

17 sources ▪

updated 88:88

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