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flag Fashion retailer Forever 21 closes all U.S. stores, citing competition and economic pressures.

flag Once-popular clothing brand Forever 21 is closing all its US stores, including its last location in Minnesota. flag The company, which filed for bankruptcy for the second time, cites foreign competition from fast-fashion retailers, rising costs, economic challenges, and changing consumer trends as reasons for the closure. flag This follows a trend of increased retail store closures, with 2024 seeing the highest number since the pandemic.

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