The company was hoping that it would find a buyer to revive the brand, but that never happened.
As for what caused the demise of Forever21, CEO Mike Appel blamed competition from online discount retailers like Shein and Temu, according to Forbes. Appel also highlighted companies like Zara, Abercrombie & Fitch, and America Eagle Outfitters saying that "great merchandising" can still be successful in such a competitive market.
"The end of an era omg, this store has so many memories for me. Running out to grab a going out dress was always at F21," one person wrote.
According to the store locator tool on the Forever21 website, the company operated 356 brick and mortar locations in 43 states and Puerto Rico. It's unclear what will happen to any other international retail locations.
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