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The operator of Forever 21 has filed for bankruptcy for the second time in six years, citing "competition from foreign fast fashion companies," rising costs and other economic challenges.

Kate joined Newsweek in May 2024. She is a graduate of Ithaca College. Clothing store Forever 21 has long been synonymous with shopping malls across the United States. The fast-fashion giant ...

It's the end of an era for people who became adults throughout the 2000s to the early 2010s. Forever 21 is closing all of its U.S. storefronts, according to a statement from the company.

Forever 21 filed for Chapter 11 bankruptcy, citing inflationary pressures and increased competition as contributing factors. The company plans to close all of its US stores, including all 23 ...

Forever 21 is filing for bankruptcy amid financial struggles. All U.S. stores are expected to close, with nine in Michigan. Forever 21, which has nine stores in Michigan, is entering bankruptcy ...

Languages: English and Swahili. Forever 21, once a dominant force in the fast-fashion industry, is closing down. On Sunday, the retailer's U.S. division filed for bankruptcy in a Delaware court ...

Forever 21's U.S. retail operator has filed for bankruptcy, the second time for the brand, which has been battered by diminishing mall traffic, inflation and online competition. The company said ...