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Mall staple Forever 21 files for bankruptcy protection, again

Forever 21 has filed for bankruptcy protection for a second time as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies



Forever 21 has filed for Chapter 11 bankruptcy protection for a second time, citing declining mall traffic and increased online competition. F21 OpCo will wind down its U.S. operations while exploring options to continue with a partner or sell assets. This follows a previous bankruptcy filing in 2019 after aggressive expansion coincided with a shift to online shopping.

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