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Home / Business / The location of Forever 21 in the Mall of America is on the list to be closed

The location of Forever 21 in the Mall of America is on the list to be closed



The Forever 21 store in the Mall of America is included in nearly 180 locations that could be closed if the retailer reviews its options after filing for bankruptcy.

Court documents in Chapter 11 state that the Los Angeles-based retailer may not close all of the locations listed, but may work with landlords to renegotiate the terms of the lease. The branches are among the least profitable locations.

Mall of America officials did not reply to an email requesting a comment on the future of this business.

Forever 21, launched in 1

984, triggered a wave of "fast fashion" purchases characterized by frequent sales of new styles at low prices. Bankruptcy was filed on Sunday.

CNBC's first list of store closures represents about one-third of the retailer's 549 US stores.

Forever 21 has announced that most of its business in Asia and Europe will close, but according to documents, it intends to open operations in Mexico and Latin America.

The list published on Tuesday also includes the Forever 21 store at the World Trade Center and a store at the Beverly Center in Los Angeles. The store at the Mall of America at Bloomington is the only listed location in Minnesota.

Forever 21 opened a two story store on the east side of the mall in 2012 and took over part of the anchorage, which was still vacant after the closure of Bloomingdale.

This spring, the mall lost two more major tenants, Sears and American Girl.

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