Forever 21 still expects a significant number of its stores in the United States to remain open and does not expect to exit any major markets in the country.
Since the start of 2017, more than 20 U.S. retailers including Sears Holdings Corp and Toys 'R' Us have filed for bankruptcy as more customers shop online and eschew large malls. "Slimming down the operation and reducing costs is only one part of the battle. The long-term survival of Forever 21 relies on the chain creating a sustainable and differentiated brand," Saunders said.
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