Forever 21 Closing All 44 Canadian Stores, 2000 Jobs Will Be Lost

The company has filed for bankruptcy protection.

Clothing chain Forever 21 has filed for bankruptcy protection in both Canada and the United States.

The company will be closing 178 stores in the US, though some will remain open.

In Canada however, they are shutting down their entire business here, closing all 44 Forever 21 stores.

2,000 people will lose their jobs as a result of the closures.

“Forever 21 has made the difficult decision to discontinue further financial and operational support for Forever 21 Canada as we reposition the brand and global business to adapt to the current retail environment,” said the company.

The company is also closing many locations in Europe and Asia.

As noted by BNN Bloomberg, “The company said it would focus on maximizing the value of its stores in the United States, where it had 500 locations prior to the downsizing.”

Spencer Fernando

Photo – YouTube

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Diane DiFlorio

As folks are encouraged to buy online – Amazon in particular, you will see many more closures in the future.

Margaret Smith

Diane, sadly what you say is true. This is another hit to employment here in Canada.

NancyW

Spencer National Citizens Coalition was censored by our UN run left, but I guess you know,so closing our businesses , huge debt for country and citizens continues.

Alain

Sunny days ahead!

Del

Businesses cause pollution as do people traveling to work so the leftist radicals work at shutting down Canadian employers. This is another example of the Trudeau / barbie / May plan for controlling world climate.

NancyW

Del, since regular car manufacturing is too employee heavy, so push making electric cars uses 30% less employees, you have to be well off to afford one and so are subsidized by the lefts governments- yes we do not need jobs to live in tents, or to keep eating! the left is really helping us get ahead. We need our country working again, this is so sad.

Brian Dougan

It’s Stephen Harper’s fault.

Shawn Harris

Trudeau with his high taxes, regulations and anti business messaging,”all small business owners are tax cheats”, has made himself and his government complicit in the downfall of yet another retailer. People only feel good about spending money, when they actually have any real money left after having paid all the government taxes. Also retailers are like the proverbial canary in the coal mine of our economy, for when they start to fail, larger businesses and manufacturers are usually not far behind in in either going broke or downsizing. Forever 21 is just another symptom of a failing Trudeau Liberal high… Read more »