Forever 21 could close 111 underperforming stores in the US. Here's the full list of locations at risk.
Bethany Biron/Business Insider
- Forever 21 is expected to close 350 stores globally, including up to 111 locations in the US, after filing for Chapter 11 bankruptcy protection.
- The fast-fashion retailer shared a revised list of possible store closures in a court hearing on Tuesday, and said it will begin the process of store-wide sales and rent negotiations through the end of the year in an attempt to prevent permanent closures.
- "The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords," a Forever 21 spokesperson said in a statement to Business Insider earlier this month. "We do, however, expect a significant number of these stores will remain open and operate as usual, and we do not expect to exit any major markets in the U.S."
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Forever 21 is expected to shutter up to 111 stores in the US, according to court documents filed on Tuesday after the fast-fashion retailer filed for Chapter 11 bankruptcy protection in September.
The company released a revised list of possible store closures in court on Tuesday, with the caveat that Forever 21 does "not anticipate" closing all 111 "underperforming brick-and-mortar store locations," though it will begin sales and rent negotiations that will continue through December 31. At that point, the company will reconsider the closures and announce any supplemental closings in early 2020. See the rest of the story at Business Insider
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