LOS ANGELES ( WJET/WFXP ) — Nearly one month after popular fast fashion brand Forever 21 began liquidation sales at its U.S. locations, the retailer has officially filed for bankruptcy for the second time in nearly six years, announcing it has begun “winding down” its U.S. operations.
All locations have begun going-out-of-business sales and, along with its website, normal operations and sales will continue as the formal winding down process begins.
Going-out-of-business sales began in mid-February for 236 locations (“Wave 1 locations”), which it says are the poorest-performing locations. These locations will close the week of March 30. The company says these locations are unlikely to draw interest from any buyers as part of the sale. The remaining 118 locations (“Wave 2 locations) will close before May 1. Gift cards will continue to be honored up until April 15…