More than 40 Forever 21 stores in California are in danger of closing as part of the apparel chain’s bankruptcy reorganization, court records show. Forever 21 issued a list of 178 U.S. stores for possible closure in its filings with the U.S. Bankruptcy Court on Tuesday, including 41 California stores, with 26 locations in Southern California, from Santa Barbara to San Diego. Among the Southern California outlets are stores in Los Angeles, Culver City, Pasadena, Valencia, Arcadia and Newport Beach. Forever 21 has been particularly hard-hit because it operates exceptionally large stores, many of which are anchor stores in shopping malls. “The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords,” Forever 21 said.

Source: Los Angeles Times October 01, 2019 21:44 UTC