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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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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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