Forever 21 has filed for bankruptcy, and you should spend your gift cards as soon as possible, expert says

Gift cards from Forever 21 should be spent as soon as possible, said Jay Klauminzer, CEO of Raise, a leading gift card marketplace.

Forever 21 filed for Chapter 11 bankruptcy protection on Sunday. As part of the filing, the company said it would close up to 350 stores globally. It could close as many as 178 underperforming stores in the US, though it will have sales and rent negotiations through December 31. With the possibility of so many stores closing, those with gift cards from Forever 21 should spend them as soon as possible, said Jay Klauminzer, the CEO of the leading online gift card marketplace Raise. About 17.

Forever 21 filed for Chapter 11 bankruptcy protection on Sunday. As part of the filing, the company said it would close up to 350 stores globally. It could close as many as 178 underperforming stores in the US, though it will have sales and rent negotiations through December 31. With the possibility of so many stores closing, those with gift cards from Forever 21 should spend them as soon as possible, said Jay Klauminzer, the CEO of the leading online gift card marketplace Raise. About 17.

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