Business & Tech
These Forever 21 Locations Are Closing In Hudson Valley
The retailer released a list of the nearly 180 locations it expects to close as part of its bankruptcy filing.
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, and it includes four stores in the Hudson Valley.
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 the Hudson Valley:
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- Woodbury Centre, Central Valley
- White Plains Galleria, White Plains
- Galleria at Crystal Run, Middletown
- Jefferson Valley Mall, Yorktown Heights
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.
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.
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“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.”
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