Forever 21 has filed for bankruptcy protection for a second time as traffic in US shopping malls fades and competition from online retailers like Amazon, Temu, and Shein intensifies. F21 OpCo, which runs Forever 21 stores, said late Sunday that it will wind down the business in the US under Chapter 11 bankruptcy protection while determining if it can continue as a business with a partner, or if it will sell some or all of its assets.
