Forever 21 May be Closing all of their Stores Soon!
Here we are again. Hearing about another store that was extremely popular possibly closing. Forever 21 was my go-to when I was younger. Their prices were low and if you were headed out to a club and needed a cute outfit really quick, Forever 21 was the place to go. They have over 800 stores across the United States and other countries and they may be closing all of them.
According to NJ.com, Forever 21 is preparing to file for Chapter 11 bankruptcy. If they do file for bankruptcy, they may be able to close just some stores that aren't doing as well as others and be able to keep the more profitable ones open. No word yet on which stores would be closing if any. There is a location inside Quakerbridge Mall that is actually two floors! They are in major debt and have been working with a team to get them back on track, but it may not be enough to save the company. We have to keep and eye and ear out to see if the team of financial advisors can save this store, or maybe it'll become another store of the past.