Forever 21 is preparing for its second bankruptcy filing — which could happen as early as this weekend, according to sources — as it shifts to more of an online model in the U.S. and searches for a new operator to keep a small percentage of its top-performing 350 stores in operation.
Forever 21 is expected to file for Chapter 11 bankruptcy for a second time as it faces relentless competition and a massive store footprint that has proven to be unsuccessful.
Retailer Forever 21 plans to layoff 358 people at its downtown headquarters as it closes its office, according to filings with the California Employment
Is Forever 21 facing bankruptcy? As the company considers, here's how it could impact Kentucky and other U.S. stores.
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