Sources close to the matter told Bloomberg that "a bankruptcy filing would help the company shed unprofitable stores and recapitalize the business." Forever 21 was founded in 1984 and rose to ...

It expects to close up to 350 stores worldwide, a spokesperson said, including as many as 178 US stores. Forever 21 sells inexpensive, trendy clothes and accessories, and competes against brands ...

Forever 21 sells men's and women's clothing and accessories ... the company filed for Chapter 11 Bankruptcy protection and announced it would be closing stores worldwide.

JCPenney is merging with a company that owns a number of other once-bankrupt clothing stores, including Forever 21 and Brooks Brothers, to form a new company that will hold significant sway over ...

Forever 21 is changing teen retail forever. The fast fashion brand's sales increased 82% from 2007 to 2012, according to Reuters. Meanwhile, classic teen retailers like Abercrombie & Fitch ...

Sparc Group, the operator of fashion brands including Lucky, Eddie Bauer, Aeropostale, Forever 21 and Brooks Brothers, has merged with JCPenney to form a new company called Catalyst Brands ...

Forever 21 on Feb. 21 opens a showroom-type store in Tokyo's Shibuya Ward, where customers can look at its clothing. The store will close on Feb. 26. (Yoko Masuda) ...