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Update Oct. 1: The Forever 21 store in The Empire Mall is not on a list of 178 stores the retailer says it could close in the U.S. as part of its bankruptcy restructuring. The location in the Mall of America in the Twin Cities is on the list, along with an outlet store in the Des Moines area.
Sept. 30, 2019
Forever 21 could close almost 200 U.S. stores as part of a Chapter 11 bankruptcy, the retailer announced Sunday.
It has requested approval to close up to 178 U.S. stores. There are 815 stores worldwide, and the retailer plans to exit most of its locations in Asia and Europe.
In a letter to customers, the company stressed the bankruptcy does not mean it is going out of business.
A “significant number of these stores will remain open and operate as usual, and we do not expect to exit any major markets in the U.S.,” the company said.
“The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords.”
The store at The Empire Mall opened a little more than a year ago.
“Filing for bankruptcy protection is a deliberate and decisive step to put us on a successful track for the future,” Forever 21 said in its letter.
“Most importantly, our stores are open, and it will continue to feel like a normal day – you will not see any changes in our stores, gift cards will continue to be accepted, and our policies, including returns and exchanges, remain the same.”
Forever 21 could close almost 200 U.S. stores as part of a Chapter 11 bankruptcy.