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Mon, March 17, 2025
[ Mon, Mar 17th ]: Quartz
Forever 21, Hooters, and 7 other restaurant and retail chains going bankrupt right now
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Forever 21, Hooters, and 7 other restaurant and retail chains going bankrupt right now

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -and-retail-chains-going-bankrupt-right-now.html
  Print publication without navigation Published in Business and Finance on by Quartz
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Coresight Research, a retail and technology data platform, predicts an escalation this year, with around 15,000 stores expected to shutdown. Among the notable closures are some major names like Hooters and Big Lots (BIG).
The article from MSN Money discusses the financial struggles of several well-known restaurant and retail chains in the U.S. that are currently facing bankruptcy. Forever 21, once a dominant force in fast fashion, has been grappling with declining sales and fierce competition from online retailers. Hooters, known for its unique dining experience, is also facing financial difficulties due to changing consumer preferences and economic pressures. Other chains mentioned include Red Lobster, which has been hit by rising costs and a shift in dining habits; The Body Shop, dealing with a challenging retail environment; and several others like Rite Aid, which is undergoing a significant store closure plan. The article highlights how these companies are attempting to restructure or find buyers to avoid complete shutdown, reflecting broader economic trends affecting the retail and restaurant sectors.

Read the Full Quartz Article at:
[ https://www.msn.com/en-us/money/economy/forever-21-hooters-and-7-other-restaurant-and-retail-chains-going-bankrupt-right-now/ar-AA1zYxBe ]