Forever 21 Announces Closure Of Stamford Location

STAMFORD, CT — The retail chain Forever 21 is closing 178 stores across the country as part of its bankruptcy proceedings. The apparel retailer released a list Tuesday of the locations, including one at 100 Greyrock Place in the Stamford Town Center mall.

Forever 21 announced it has filed for Chapter 11 bankruptcy in a letter to customers Sunday.

The teenage clothing store made it clear, though, it wasn't going out of business, and instead filed for bankruptcy protection as a "deliberate and decisive step to put us on a successful track for the future," according to the letter.

The two companies join a growing list of brick-and-mortar establishments that have seen a nosedive in revenue and popularity with the emergence of e-commerce companies such as Amazon and Walmart.

"We are confident this is the right path for the long-term health of our business," Forever 21 said in the letter to customers. "Once we complete a reorganization, Forever 21 will be a stronger, more viable company that is better positioned to prosper for years to come."

See also: Forever 21, Pier 1: Bad News For 2 Major Retailers In Connecticut

Forever 21 saw its revenue decrease to $3.3 billion last year, down from $4.4 billion in 2016, according to the New York Times. The company also has laid off more than 10,000 people since 2016.