Forever 21 (clothing store) is on the ropes

this is going to hurt malls.

https://ktla.com/news/california/popular-clothing-store-chain-slashing-hundreds-of-workers-closing-california-hq/

One of the most well-known clothing brands in the United States, Forever 21, is laying off nearly 700 workers in California and Pennsylvania and closing its headquarters in the Golden State.

The announcement came via several WARN notices filed in both states over the past week.

The California Forever 21 locations slated to close are Orange, Riverside, Ontario, Rancho Cucamonga, Montclair, Santa Ana, Lakewood and Cerritos.

Liquidation sales began last month as the company began to prepare for a second bankruptcy filing and seeks a potential buyer, several business news outlets reported. Forever 21 will reportedly liquidate its entire 350-store chain if no qualified buyer is found.