For those still holding onto a Forever 21 gift card, today is your last chance to spend it.
The fast-fashion retailer is going out of business and will honor all gift cards and store credit through the end of day on Tuesday.
Forever 21 is closing all stores in the US after its second bankruptcy filing in six years. REUTERSAll sales in stores and on the Forever 21 website are final, and the retailer is no longer accepting returns and exchanges as it prepares to shutter all stores across the country.
In March, the company filed for bankruptcy for the second time in six years after efforts to secure a buyer over several months proved unsuccessful.
Its business was hampered by the COVID-19 pandemic and sticky inflation, and lost customers to stiff competition from online retailers like Shein and Temu.
Forever 21’s business was hampered by the COVID-19 pandemic and sticky inflation, and lost market share to online competition. REUTERS
The retailer expects to close more than 350 stores by May 1, according to court filings. REUTERSForever 21 expects to close more than 350 stores by May 1, according to court filings.
The bankruptcy process only applies to its US operations, the company said in a statement on its website.
