- Forever 21 is filing for bankruptcy amid financial struggles.
- All U.S. stores are expected to close, with nine in Michigan.
Forever 21, which has nine stores in Michigan, is entering bankruptcy and closing all of its stores.
The retail chain filed for Chapter 11 bankruptcy, the company announced Monday, with going-out-of-business sales set to begin soon at all U.S. stores. Forever 21 operates nine stores at malls in Michigan.
“On behalf of the Company, I’d like to express our deep appreciation for the hard work of our dedicated employees and their commitment to our customers. We are also grateful for the many years of support from our partners and our loyal customers, who have allowed us to serve as a fashion industry leader and go-to retailer for generations,” Chief Financial Officer Brad Sell said.
Here’s what to know.
More: Major retailers are cutting back. Here are chains closing stores in Michigan
What is happening at Forever 21?
Forever 21 is preparing to close all U.S. stores as the company files for Chapter 11 bankruptcy.
The chain previously announced store closings, the closure of its Los Angeles headquarters and layoffs of more than 350 employees, USA Today reported. The company has been facing financial challenges amid competition from Chinese online discount retailers Shein and Temu.
Where are Forever 21 stores in Michigan?
Forever 21 has the following nine stores in Michigan:
More: Where are Michigan’s spring festivals? Where to enjoy blooms, music, outdoors
- Briarwood Mall in Ann Arbor: 602 Briarwood Circle, D101A
- Great Lakes Crossing Outlets in Auburn Hills: 4160 Baldwin Road
- The Mall at Partridge Creek in Clinton Township: 17360 Hall Road No. 191
- Fairlane Town Center in Dearborn: 18900 Michigan Ave.
- Woodland Mall in Grand Rapids: 3195 28th St. SE
- Twelve Oaks Mall in Novi: 27434 Novi Road
- The Crossroads Mall in Portage: 6650 S. Westnedge Ave. No. 139
- Southland Center in Taylor: 23000 Eureka Road Space No. 1360
- Oakland Mall in Troy: 460 W. 14 Mile Road
When will the stores close?
The retailer said in court documents that it will conduct going-out-of-business sales at stores. It did not say when they would begin.
USA Today contributed.
Contact Jenna Prestininzi: [email protected].
