Forever 21 is set to close over 100 stores as part of their bankruptcy filing.
At the end of September, Forever 21, Inc. voluntarily filed for bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code. Forever 21 took the step to reorganize the business to become profitable.
According to USA Today, 4 Massachusetts locations are closing.
The Forever 21 in the Dartmouth Mall is expected to close by December 29th while three locations in Boston are also set to close.
The company had issued a statement in September stating that:
“As part of our filing, we have requested approval to close a number of stores across the U.S. The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords. We do however expect a significant number of these stores will remain open and operate as usual, and we do not expect to exit any major markets in the U.S.”
“We are confident this is the right path for the long-term health of our business. Once we complete a reorganization, Forever 21 will be a stronger, more viable company that is better positioned to prosper for years to come.”
For the complete list of closings, click here.