Forever 21 was once one of the fastest-growing fashion retailers in the world, laying the groundwork for brands like Temu and Shein.

Forever 21’s bankruptcy reveals how even the most successful retailers can lose their way when they stray from core competencies.

Forever 21’s US retail operator has filed for bankruptcy after being hit by rising inflation and intense competition in the fast-fashion sector, the second time the brand has entered Chapter 11.

F21 OpCo, LLC, the company and licensee of the brand in the U.S., filed a Chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware. Although stores will remain open for now, Forever 21, which is headquartered in Los Angeles, said it will hold liquidation sales at its U.S. stores.

Forever 21, which a decade ago was seen as a leader in youth fashion retail, is set to permanently close all its U.S. stores as it files for bankruptcy for a second time.

For the second time, fast fashion retailer Forever 21 has filed for bankruptcy. Here are the Florida locations that the company asked to close.