Forever 21 plans more store closures, according to report​on February 21, 2025 at 1:06 pm

At least 200 more Forever 21 locations across the U.S. are expected to close, according to a report.

It’s all part of the bankruptcy process filed earlier this week, according to a report by Bloomberg.

The retailer currently operates nearly 350 stores and is still looking for a buyer for its remaining stores. According to the report, Forever 21 would be forced to liquidate the remaining stores if a buyer is not found.

Under a partnership agreement made in August 2023, Chinese-founded Shein acquired about one-third interest in Sparc Group, Forever 21′s operator. Sparc also became a minority shareholder in Shein.

At the time, Forever 21 had more than 540 locations worldwide.

​At least 200 more Forever 21 locations across the U.S. are expected to close, according to a report.   

At least 200 more Forever 21 locations across the U.S. are expected to close, according to a report.

It’s all part of the bankruptcy process filed earlier this week, according to a report by Bloomberg.

The retailer currently operates nearly 350 stores and is still looking for a buyer for its remaining stores. According to the report, Forever 21 would be forced to liquidate the remaining stores if a buyer is not found.

Under a partnership agreement made in August 2023, Chinese-founded Shein acquired about one-third interest in Sparc Group, Forever 21′s operator. Sparc also became a minority shareholder in Shein.

At the time, Forever 21 had more than 540 locations worldwide.