Forever 21 Officially Files for Bankruptcy, Showing 21 Isn't Forever

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September 30, 2019
Forever 21 is joining the mall graveyard. The fast fashion retailer officially filing for chapter 11 bankruptcy protection. The company plans to close most of its locations in Europe and Asia. While it won't exit any major U.S. markets, the retailer is reportedly looking to shutter up to 178 stores in the U.S. We spoke to Erin Sykes, retail expert.