Major Clothing Retailer to Close All 32 Texas Locations Due To Bankruptcy

(KNGT-FM) - It seems like we hear news about another major retailer being forced to file for bankruptcy and close its doors each week. Already this year we have learned that major retailers in the clothing, food, and electronics industries have fallen victim to this fate.

So far this year we learned that Party City and craft giant Jo Ann Fabric and Crafts are all going out of business this year closing all of their brick-and-mortar stores across the country.

Now another fashion giant in the clothing industry has filed for bankruptcy and is liquidating its assets. Forever 21 has filed for bankruptcy and is looking to liquidate its assets and one way they are doing this is by closing all of its current retail locations. This decades-old retail clothing franchise blames fierce competition from Chinese retailers like Shein and Temu as part of its downfall.

The company explained that the competition is able to offer lower prices on clothing since Temu and Shein get a trade exception which allows those companies to bypass import taxes and tariffs.

Forever 21 which was founded in Los Angeles filed for bankruptcy five years ago but got past it by restructuring and closing more than 100 stores but now with the surge from Temu and Shein, the retailer had no choice but to fold.

So what does that mean for locations of Forever 21 in Texas? There are 32 locations still in the state. According to Forever 21's website, the locations in Texas include,

Forever 21 Locations In Texas

• Allen

• Amarillo

• Arlington

• Austin

• Beaumont

• Cedar Hill

• College Station

• Corpus Christi

• Dallas

• El Paso

• Fort Worth

• Friendswood

• Grapevine

• Houston

• Humble

• Hurst

• Katy

• Laredo

• Lubbock

• McAllen

• Mercedes

• Mesquite

• Pearland

• San Antonio

• San Marcos

• Spring

• Sugar Land

All these locations will be closed as repored by NBC News. So it looks and sounds like Forever 21 will be closing its doors Forever soon.