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The operator of Forever 21 has filed for bankruptcy for the second time in six years, citing "competition from foreign fast fashion companies," rising costs and other economic challenges.

Forever 21 filed for bankruptcy protection Sunday, citing competition from fast-fashion online retailers like Shein and Temu as the reason. The Los Angeles-based retailer will begin holding ...

"Forever 21 was always a retailer living on borrowed time. Over recent years it has been hit with dual headwinds from a weak apparel market and stiff competition from cheap Chinese marketplaces ...

Company enters bankruptcy with $1.58 bln in debt US stores, website to remain open Plans liquidation sales at roughly 350 US stores Forever 21 had earlier filed for bankruptcy in 2019 March 17 ...