Forever 21 downsizes international stores

Los Angeles - Forever 21 has decided to shut down some of its international stores. Specifically, the Los Angeles-based retailer is closing its UK stores including major cities.

The fast-fashion retailer is currently undergoing assessments of its UK stores and how to move forward. In review, the company has lost millions of dollars so far with these stores. In British documents, Forever 21’s U.K. stores showed approximately 98 million dollars in pretax loss in 2013, as reported by Apparel News. According to the publication the following year the company also suffered a 27 million dollars pretax loss. Due to this massive downfall, the company has decided to assess existing locations and make changes accordingly.

So far, Forever 21 has already shut down its locations in London, Manchester and Glasgow. FashionUnited previously reported that the company may have appointed Harper Dennis Hobbs to review its existing stores currently. In May, the fast fashion retailer was looking to cut some of its stores including its Dublin and Kent locations. As the rest of the locations are still in assessment, it is not confirmed whether or not the remaining stores will close.