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Forever 21 Declares Bankruptcy Amid Tough Times For LA Retail Workers
People walk past a Forever 21 store in Times Square on March 23, 2012 in New York City.
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Forever 21 Declares Bankruptcy Amid Tough Times For LA Retail Workers
There's no word yet on how many stores Los Angeles-based Forever 21 will close in Southern California after filing for bankruptcy. But local retail workers have already been seeing jobs disappear as more consumers shop online.
Despite an otherwise strong job market, clothing retail jobs in L.A. County are still down more than five percent from pre-recession levels. And the state's employment department projects even more job losses are coming.
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
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