Thousands of workers are set to lose their jobs as a major national retailer announces the closure of 200 stores, 21 of which are located in New York.
Companies continue to navigate ongoing challenges in the fashion industry, including shifting consumer habits, rising costs, and increasing competition from online shopping.
Party City, Macy’s, Walgreens, Joann Fabrics, Game Stop, Big Lots, and Esprit are just a few of the National chains that have announced closures or bankruptcy over the last several months.
Forever 21 Closing More Stores
Forever 21, which has already used the B word, may be heading back to Chapter 11 bankruptcy, five years after its last go-round…