Forever 21 files for bankruptcy as mall traffic dwindles

March 17, 2025 admin No Comment 10 Views

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Forever 21’s US-operated company filed for Chapter 11 bankruptcy on March 16 for the second time in the last six years as mall traffic continues to dwindle and online shopping skyrockets.

The fast fashion retailer’s filing comes after the company was unable to find a buyer for its 359 stores nationwide.

The first-ever store opened in Highland Park, Los Angeles, 41 years ago under its former name, “Fashion 21.”

More to follow

Source link