Forever 21 Plans to File for Bankruptcy as Many Retailers Struggle – The Wall Street Journal

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Teen retailer Forever 21 Inc. plans to file for bankruptcy as soon as Sunday, according to people familiar with the matter, as slow sales, online rivals and changing consumer habits take a rising toll on many bricks-and-mortar chains.

But in a statement, Forever 21 said it has no plans to file for bankruptcy on Sunday.

“Our stores are open…

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