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flag Fashion retailer Forever 21 files for bankruptcy, closing all U.S. stores amid economic challenges.

flag Fashion retailer Forever 21 has filed for bankruptcy and plans to close all its U.S. stores, citing rising competition from online retailers and economic challenges. flag The company will hold liquidation sales at its locations while its website remains open. flag International stores, operated by other licensees, are unaffected. flag Founded in 1984, Forever 21 had over 500 U.S. and 800 global locations at its peak. flag The company filed for bankruptcy previously in 2019.

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