Forever 21 To File Bankrutpcy?

Forever 21 is going to file for bankruptcy as early as Sunday, according to the Wall Street Journal. The company had been “searching for a new loan” to prevent the filing for months, but has been unsuccessful. One person familiar with the matter told WSJ that Forever 21 planned to shut down more than 700 stores. After filing, F21 will join the ranks of other retailers from Sears (SHLDQ) to Toys ‘R’ Us that have experienced a similar fate.