Fashion Retailer Forever 21 Plans To File For Bankruptcy
NEW YORK (CBSNewYork) - A store chain that's been a fixture in many shopping malls has filed for bankruptcy.
On Sunday, the retailer Forever 21 said it plans to close nearly 200 U.S. stores, though which locations will be shut down hasn't yet been decided.
Other stores will remain open.
The company recently received $275 million in new financing.
