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Fashion retailer Forever 21 closes all U.S. stores due to competition and rising costs.
Once-popular clothing brand Forever 21 is closing all its US locations, including its last store in Minnesota.
The company cited foreign competition from fast-fashion retailers like Shein and Temu, rising costs, and changing consumer trends as reasons for its bankruptcy and closure.
Retail store closures hit their highest level since the pandemic in 2024, with more expected in 2025.
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El minorista de moda Forever 21 cierra todas las tiendas en Estados Unidos debido a la competencia y el aumento de los costos.