(March 28, 2025) -- Forever 21 has declared bankruptcy for a second time and expects to close over 350 stores in the United States and Puerto Rico by May 1, unless a new buyer purchases the business, court filings show.
F21 OpCo, LLC, the company and licensee of the brand in the U.S., filed a Chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware this week.
"The company may pivot away from a full wind down of operations to facilitate a going concern transaction. If there is an actionable going concern proposal that warrants stopping ongoing store closing sales, the company will exercise its business judgment and determine the appropriate course of action," a spokesperson for the fast-fashion retailer told ABC News.
Brad Sell, the chief financial officer of F21 OpCo, LLC, cited international competitors and growing costs among the reasons behind Forever 21's downturn.
Here's the full list of stores closing: Forever 21 Closing List
There are two in the Tucson area. One at Park Place Mall and the other at Tucson's Premium Outlets.