The Forever 21 store at the Mall of America is included among nearly 180 locations that could close as the retailer looks at its options after filing for bankrupcy.
Court documents in the Chapter 11 case say the Los Angeles-based retailer may not close all those locations listed, but that it is working with landlords to renegotiate lease terms. The stores are considered among the least profitable locations.
Officials at the Mall of America didn’t answer an e-mail seeking comment on the future of that store. )
Forever 21, which launched in 1984, led a wave of “fast fashion” shopping, characterized by frequent turnover of new styles along with a low price tag. It filed for bankruptcy on Sunday.
The list of store closures, first reported by CNBC, represents about a third of the retailer’s 549 US
Forever 21 said it plans to shutter most of its stores in Asia and Europe, but will keep stores open in Mexico and Latin America, according to documents.
The list released Tuesday also includes the Forever 21 store at the World Trade Center and a store in Beverly Center in Los Angeles. The store at the Mall of America in Bloomington is the only Minnesota location listed.
Forever 21 opened a two-level store on the mall’s east side in 2012, taking over a part of the anchor spot left after Bloomingdale’s closed .
This spring the mall lost two other major tenants, Sears and American Girl.
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