Forever 21 has filed for Chapter 11 bankruptcy protection for a second time and plans to close down its U.S. business, citing “rising costs and increased competition from abroad” as reasons for the ...

Trendy fashion brand Forever 21, which has 32 stores in Texas, plans to permanently shut down its stores across the U.S.

As outlined in the bankruptcy filing, over 350 Forever 21 stores are set to begin the liquidation process, including 32 locations in Texas.

Forever 21 has struggled with declining mall traffic and fierce competition from cheaper rivals like Shein and Temu.

With cost-saving initiatives failing to make up for significant losses, Forever 21 filed for Chapter 11 bankruptcy in ...