Forever 21 goes belly-up and will shutter all US stores, blames Temu and Shein
Forever 21 has filed for bankruptcy protection for the second time in six years, citing fierce competition from online fast-fashion giants Shein and Temu as a major factor for its financial struggles. The retailer’s operating company is set to shut down all US operations, with liquidation sales already underway at more than 350 locations. The … Read more