It's the last day to use Forever 21 gift cards before they expire as fast-fashion retailer goes out of business
The fast-fashion retailer is going out of business and will stop accepting gift cards, returns and exchanges.


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The fast-fashion retailer is going out of business and will stop accepting gift cards, returns and exchanges.

The fast-fashion chain Forever 21 has filed for bankruptcy and is preparing to close all of its stores.
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…

Forever 21 blamed its second bankruptcy on rising competition from upstarts like Shein and Temu and their use of the de minimis exemption, a trade law loophole.

F21 OpCo, operator of the budget clothing brand, said U.S. stores will not immediately be closing but will liquidate stock as it winds down the business.
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, Tem…
US stores will remain open as Forever 21's operating company "begins its process of "winding down".
Forever 21's future as a standalone bricks and mortar chain look grim, sources told The Post.

The potential bankruptcy is also looking for a buyer for the retailer's remaining stores.

Forever 21 once dominated the fast fashion industry, but as Shein and Temu continue to take market share, it has failed to adapt to the new landscape.

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