Forever 21 may close Rehoboth location


The troubled Forever 21 chain may close a location near Rehoboth Beach, according to Bankruptcy Court filing.

The location is located in the Tanger Seaside Outlets.

The company earlier filed for Chapter 11 reorganization in U.S. Bankruptcy Court in Wilmington and announced it could close 178 of it stores and exit some international markets.

Stores in Dover and Christiana malls do not appear to be affected by the closings that were outlined in a document in Bankruptcy Court.

Forever 21 said the company will also seek to negotiate more favorable leases with landlords.

Chapter 11 filings are used as a way for retailers to renegotiate or exit leases before expiration. U.S. Bankruptcy Court in Wilmington has handled similar cases in retail that can involve exiting or renegotiating leases.

Forever 21, which specializes in fashions for young women, is struggling with Generation Z, according to an article in Atlantic.

The generation of teens is adept at shopping online to get the best deals, the article noted. Forever 21 is said to be more popular with millennials, the article noted.

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