Fashion retailer Forever 21 is facing closures of many stores in New Jersey and nationwide, including locations in Deptford and Cherry Hill Malls. Reports suggest 15 New Jersey locations are set to close, with stores in Atlantic City and Hamilton Mall Mays Landing on the list. The Fashion District in Philadelphia and Franklin Mall may also see closures, including the powerhouse King of Prussia Mall. Despite confirmed signage in Deptford, Forever 21 has not released an official list of store closings.
After filing for bankruptcy protection in 2019 and being acquired, Forever 21 is now dealing with increased pressure from online retailers like Shein and Temu. The retailer is also shutting down its LA headquarters in a cost-cutting effort. While details on store closures are still unclear, signs of closing sales have been spotted in many locations. Recent closures of other retailers in the area have compounded the retail hardship faced by many stores. However, new developments and retailers entering the market may offer hope for the future.
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