Is Forever 21 going out of business? Stores closing, locations in peril as retailer files for 2nd bankruptcy

Forever 21 is facing another bankruptcy. The company that operates the fast-fashion retail brand, called F21 OpCo, LLC, has filed for Chapter 11 bankruptcy protection in a Delaware court. And while it plans to close its U.S. stores and hold going-out-of-business sales, there is still a chance for a sale that could keep some operations running.  

For now, Forever 21 stores and its website will stay open as the company sells off inventory and looks for buyers.

The move mirrors a similar one made recently by Joann...