Forever 21 to close almost 180 outlets in US
Forever 21 says restructuring will allow it to focus on the profitable core part of its operations and shut some international locations
30 September 2019 - 15:17
Bengaluru — Fashion retailer Forever 21 filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com.
Since the start of 2017, more than 20 US retailers, including Sears Holdings and Toys R Us, have filed for bankruptcy as more customers shop online and eschew large malls...
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