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It’s the last day to use Forever 21 gift cards

For those who still hold a Forever 21 gift card, today is their last chance to use it.

Fast fashion retailers are out of business and will be honoring and storing credits until the end of Tuesday.

Forever 21 has closed all U.S. stores after filing for the second bankruptcy in six years. Reuters

All sales on the store and the Forever 21 website are final and retailers are preparing to close all stores across the country, so they no longer accept returns or exchanges.

In March, the company filed for bankruptcy for the first time in six years after months of failing efforts to secure buyers.

The business has lost customers to tough competition with online retailers like Shein and Temu, hampered by the Covid-19 pandemic and sticky inflation.

Forever 21’s business has lost market share in online competition, hampered by the Covid-19 pandemic and sticky inflation. Reuters
Retailers expect to close more than 350 stores by May 1, according to court filings. Reuters

According to court filings, Forever 21 expects to close more than 350 stores by May 1.

The bankruptcy process applies only to US businesses, the company said in a statement on its website.

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