FOREVER 21 CLOSING AT ARBOR PLACE MALL, JOANN FABRICS CLOSING AS WELL

All 374 Forever 21 stores will be closed by May 1. Forever 21 has accrued $1.6 billion in debt. If you have a gift card, you have until April 15 to redeem it. The company has already closed its poorest performing locations and the remaining locations will close by May 1.

Joann Fabrics is closing by May 1 as well. The company is currently owned by a liquidator company and they are selling everything from fabric to yarn to storage to the display racks in the store.