Fast-fashion retailer Forever 21 has filed for bankruptcy protection for the second time in six years, initiating voluntary Chapter 11 proceedings with the support of its lenders. As a result of ongoing financial struggles and increasing competition from e-commerce, the retail chain plans to close all of its US stores, including a significant number of locations across California and Arizona. The company has started liquidation sales and aims to shutter around 200 stores nationwide. Concerns mount among fans and employees about the impact of these closures, as the brand, once a pioneer in fast fashion, faces an uncertain future.