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HomeLifestyle NewsForever 21 to Close Stores in Bid to Mimic Online Rivals’ Model

Forever 21 to Close Stores in Bid to Mimic Online Rivals’ Model

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If you can’t beat them join them. That’s the strategy behind saving the Forever 21 name as the last remaining stores are shuttered and the brand pursues a model that is similar to its online competitors.

US bankruptcy judge Mary Walrath gave the company temporary permission on Tuesday to start going-out-of business sales at all of its 354 stores while managers try to find a last-second rescuer for part of the 41-year-old clothing chain.

Forever 21 has “had advanced discussions with third…

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