Fast fashion retailer Forever 21 Inc. is reportedly planning to file for bankruptcy and close some of its more than 700 stores in the process, which could impact some of Hawaii’s largest shopping malls.
The Wall Street Journal reports Forever 21 could file for bankruptcy in Delaware as soon as Sunday.
In Hawaii, the retailer has five stores at malls on Oahu, Ala Moana Center, Pearlridge Center, Ka Makana Alii and Royal Hawaiian Center in Waikiki, and on Maui at the Queen Kaahumanu Center.
