Forever 21 & # 39; Preparing Bankruptcy & # 39; Twitter wants to end a sale & # 39;

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Forever 21 is preparing for a possible bankruptcy, it was reported Thursday – But all that Twitter heard was "a sale in progress".

Fans of the clothing store seemed to have little sympathy for the more than 30,000 employees of this retailer, but instead focused on discounts on already heavily discounted items.

The news came via Bloomberg, who claimed that the company was planning to file an application for Chapter 11 while its sales were declining. The publication claimed that the retailer had been in talks with lenders to restructure its debt, but negotiations had stopped.

The company, headquartered in Los Angeles, operates 800 stores in the United States and around the world. bankruptcy would allow it to unload its unprofitable locations.

And, as Twitter has quickly realized, closing outlets means eliminating excess inventory.

In addition to the many memories of people rushing to pick up the carcasses, much of the social media pointed to what they thought was the reason for the company's potential downfall, particularly its Flamin & # 39; Hot collections Cheetos and United States Postal Service.

According to Bloomberg, the closure of Forever 21 would cause huge problems for shopping center owners, who consider it one of their largest tenants staying in the middle of a wave of bankruptcies in the retail sector.

In the absence of anyone to fill empty spaces, homeowners may consider taking a stake in the retailer to avoid this; Bloomberg said that, although co-founder Do Won Chang wants to retain his majority stake, unhappy corporate officials have offered such an agreement to the owners without his approval.

See some of the reactions to the news below:

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