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Forever 21 reportedly set to close 'at least' 100 stores in bankruptcy

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Forever 21

Forever 21 reportedly could close more than 100 stores in bankruptcy as the fashion retailer grapples with expensive leases and declining mall traffic.

The company is planning to shut down "at least" 100 locations as part of its restructuring plan, Bloomberg reported Friday.

The retailer did not immediately respond to a request seeking comment.

With more than 800 stores, Forever 21 is one of the largest specialty apparel retailers in the country. The family-owned company's stores average 38,000 square feet, making it smaller than the average department store but larger than many of its apparel competitors.

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