Forever 21, the fashion retailer long a fixture at local malls, is joining a seemingly ever-growing list of retailers closing stores across the region and country.
The retailer’s Los Angeles parent company filed for Chapter 11 bankruptcy Sunday evening and says in a statement that it “will conduct liquidation sales at its stores while simultaneously conducting a court‑supervised sale and marketing process for some or all of its assets.”
Forever 21 says in the statement that its store locations in the United States and website will remain open as the company begins the wind down process…