Forever 21 is shutting down several stores across the Bay Area, leading to significant layoffs, while also closing its Los Angeles headquarters. This decision comes after years of diminishing sales and competition from online retailers, forcing the 41-year-old company into bankruptcy in 2019. After being sold in 2020, the current owners are now looking for a buyer. Permanent layoffs for employees began late February, with notices submitted to the California Employment Development Department, signaling possible liquidation of all stores if a buyer is not found.
Forever 21's ongoing struggle is highlighted by the closure of more stores across the Bay Area and layoffs impacting hundreds, amid a search for new ownership.
The company’s long history is marred by bankruptcy and significant store closures, with the latest permanent layoffs starting April 25 through May 9.
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