Forever 21 goes belly-up and will shutter all US stores, blames Temu and Shein

Ariel Zilber
Mon, 17 Mar 2025 12:42:22 -0400

The retailer's operating company is set to shut down all US operations, with liquidation sales already underway at more than 350 locations. The company said it remains open to potential buyers willing to acquire its inventory and keep the stores running, according to court filings.