Business & Tech
Deptford Forever 21 Slated To Close, Company Confirms
Forever 21 confirmed late Tuesday that the Deptford Mall store will be closing.
DEPTFORD, NJ — The Forever 21 store in Deptford is set to close, the company announced late Tuesday. Forever 21 announced it has filed for Chapter 11 bankruptcy in a letter to customers.
The teenage clothing store made it clear, though, it wasn't going out of business, and instead filed for bankruptcy protection as a "deliberate and decisive step to put us on a successful track for the future," according to the letter.
In fact, the retailer said it is moving forward with plans to open a store at Fashion District Philadelphia, WHYY reports. A total of 178 Forever 21 stores are slated to be closed, including six in New Jersey. Other New Jersey stores slated to close include:
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- Cherry Hill
- Mays Landing
- East Hanover
- Short Hills
- East Brunswick
The Deptford Forever 21 is located in the Deptford Mall. Meanwhile, the Pier 1 in Deptford may also be closing. Pier 1 is located at 1500 North Almonesson Road. None of the possible Pier 1 closings have been confirmed.
"As anticipated, our fourth-quarter sales and profitability were disappointing and reflect the execution issues we identified earlier in the year and have been working with urgency to correct," Cheryl Bachelder, interim Pier 1 CEO, said in a statement.
Find out what's happening in West Deptfordfor free with the latest updates from Patch.
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