Forever 21’s parent company has filed for bankruptcy for the second time, putting its U.S. operations in jeopardy. On March 16, they announced plans to wind down unless a buyer steps in. This marks a significant shift for the fast-fashion retailer, which first filed for bankruptcy in 2019 due to competition from online-only brands like Shein and Temu. Despite efforts to recover through a 2020 acquisition, the brand continues to struggle with changing shopping habits and rising competition. #Fore