Forever 21 Inc on Sunday became the latest U.S. retailer to file for bankruptcy,...
- Forever 21 Inc on Sunday became the latest U.S. retailer to file for bankruptcy, succumbing to the twin challenges of changing consumer tastes and a relentless shift to online shopping.
The teen apparel retailer joins a list of household names, such as Sears Holdings and Toys ‘R’ Us, which have filed for bankruptcy protection since the beginning of 2017. Some retailers have even filed for a second time. Below is a list of major retailers that filed for bankruptcy since 2017, from the most recent to the oldest:The fast-fashion retailer filed late on Sunday to restructure its business and requested approval to close up to 178 U.S. stores.
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