Forever 21 Begins The Slow Bleed!

Forever 21 begins its demise.

On Monday, Forever 21 filed for Chapter 11 bankruptcy protection. That means to stop the company from completely going out out business (Chapter 7 liquidation), the company will shave off about nearly 1/2 of their stores. Foot traffic, weak sales and leasing space are some of the reasons to why companies go out of business.

Of course, my community was affected.

Dayton, Ohio has a population of 135,000 residents. Montgomery County, Ohio has a residency population of 832,000 residents. The Dayton metro region has a population of 1.1 million residents.

Cincinnati has a population of 302,000 residents. Hamilton County, Ohio has a residency population of 959,000 residents. The Cincinnati metro region has a population of 2.6 million residents.

Four stores that are affected are in Dayton and Cincinnati area.

The Dayton Mall, Kenwood Mall, Liberty Center and Tanger Outlet Jeffersonville are on the list of closures. The struggling apparel company announced they were filing for bankruptcy and issued a statement that the company is shutting down 300 stores.

The company describes itself as the authority on fashion and the go-to retailer for the latest trends, styles and hottest deals. What got them was the equity firm that purchased them and piled them with enormous debt.

The planned closures represent a third of the Forever 21's fleet of stores in the U.S.

Stores are affected in 32 states, the District of Columbia and Puerto Rico.

So of the 300 stores, there will 249 stores remaining (for the time being).

Donald J. Trump's economy is tanking. He's too dumb to realize that Americans are losing their jobs.