These 2 Clothing Stores In Georgia Are Closing, Retailer Says

ATLANTA, GA — The retail clothing 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 and it includes two stores in Georgia.

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

Here are the Forever 21 locations expected to close in Georgia:

• Stonecrest: 2929 Turner Hill Road N.E #2460, Lithonia
• Savannah Outlets: 200 Tanger Outlets Blvd. Ste. 191, Pooler

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 workers since 2016.

The clothing store geared toward teens and shoppers in their early 20s says it isn'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.

“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: Can Georgia's 27 Stores Survive?

Also this week, the home decor store Pier 1 said it could close up to 145 of its locations. The retailer announced possible store closings after reporting low financial results on Sept. 25. Representatives for Pier 1 have not yet specified the locations that will be closed.

The two companies join a growing list of brick-and-mortar establishment that have seen revenue drop as the popularity of e-commerce companies such as Amazon and Walmart soars. In early September, Bed Bath & Beyond said it would close some stores and overhaul others ahead of the 2019 holiday shopping season.