by Mike Maharrey
GoldSeek
Nothing is forever.
Not even Forever.
Forever 21 recently filed for bankruptcy – again. The clothier reorganized back in 2019. Now it is shutting down for good. According to recent reporting, the company plans to close all 354 stores in what the company calls “an orderly wind down” of its operations.
[…] This is yet another hiccup revealing that the undercarriage of the U.S. economy is rickety.
Forever 21 isn’t drowning alone. Corporate bankruptcies reached a 14-year high last year. Party City, Kohl’s, JCPenney, and Joann Fabrics are among the retailers filing bankruptcies in recent months.