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Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S.

Forever 21 stores in the U.S. will hold liquidation sales and the website will continue to run while operations wind down.

The Los Angeles-based apparel firm has been hurt by plunging sales and competition from overseas e-commerce merchants.

Forever 21 is closing its stores at the Walden Galleria and Fashion Outlets of Niagara Falls. Both stores are in the process of selling through inventory at reduced prices in going-out-of-business ...

Retail giant Forever 21, known for its trendy and affordable clothing, has filed for Chapter 11 bankruptcy for the second ...