Overview

• Forever 21 officially closed all 354 U.S. stores by May 1, 2025, after filing for Chapter 11 bankruptcy in March.
• The company cited rising operational costs and competition from online retailers like Shein and Temu as key factors in its financial struggles.
• Gift cards, store credits, refunds, and exchanges ceased to be accepted as of April 15, 2025, marking the end of in-store customer services in the U.S.
• Forever 21’s international stores remain operational under separate licensing agreements, while the brand pivots to focus on e-commerce and wholesale channels.
• No buyers emerged to halt the closures, solidifying the retailer's exit from the U.S. brick-and-mortar market.