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Fashion retailer Forever 21 files for bankruptcy again, blaming high costs and online competition.
Fashion retailer Forever 21 has filed for bankruptcy for the second time, facing challenges from declining mall traffic and increased competition from online retailers.
The company plans to hold liquidation sales at its roughly 350 U.S. stores while undergoing a court-supervised sale process for its assets.
Forever 21 cited rising costs and evolving consumer trends as additional factors in its financial struggles.
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La tienda de moda Forever 21 se declara en bancarrota de nuevo, culpando a los altos costos y la competencia en línea.