Another clothing chain will soon disappear from the Canadian retail landscape
Forever 21 announced on Sunday that it was filing for Chapter 11 bankruptcy protection in the U.S. and closing all 44 of its stores in Canada including at the Uptown Shopping Centre in Victoria.
“After considering numerous options, we have made the difficult decision to discontinue operations in Canada,” Forever 21 Canada chief financial officer Bradley Sell said in a statement on Sunday.
“We had hoped for a different outcome, but after years of poor performance and challenges set forth by the headwinds facing the retail industry today, our Canadian operations are simply no longer economically viable.”
Forever 21 Canada said in the statement that its stores will remain open during the liquidation process.
with files from CBC