In 2023, Forever 21's new owners tried another maneuver, signing a partnership with Shein. But losses continued, worsened by the high inflation that had shoppers tightening their clothing budgets.

Forever 21 has filed for bankruptcy protection for a second time as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies ...

Founded in Los Angeles in 1984 by South Korean immigrants, Forever 21 was popular among young shoppers on the prowl for stylish but affordable clothing. At its peak, it employed 43,000 people, ...

A shopper walks into a Forever 21 clothing store in Tempe, Ariz. Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and ...

WASHINGTON — More than 350 Forever 21 clothing stores are beginning liquidation sales across the country as the company files for Chapter 11 bankruptcy protection amid declining mall traffic in ...

In 2023, Forever 21’s new owners tried another maneuver, signing a partnership with Shein. But losses continued, worsened by the high inflation that had shoppers tightening their clothing budgets.

FILE - Shoppers walk by a Forever 21 clothing store, Thursday, Oct. 24, 2019, in Tokyo, as the liquidation sale signs are posted on the storefront. Forever 21 has filed for bankruptcy protection ...