Canada’s Forever 21 outlets is closing its doors for good – but not before hosting its liquidation sale, which started Tuesday.
The fast-fashion shop announced bankruptcy September 29, after years of seeing its sales plummet.
“While this decision was not easy to make, we believe it is the right one for Forever 21 Canada,” said Bradley Sell, chief financial officer of Forever 21 Canada. “We had hoped for a different outcome, but after years of poor performance and challenges set forth by the headwinds facing the retail industry today, our Canadian operations are simply no longer economically viable.”
The 44 locations across Canada are hosting its liquidation sale from now until November 30.
However, the November 30th date is subject to change, depending on stock.
(Note: Last week’s “sale-a-thon” was just a precursor sale. This is the real thing.)
Prices begin as low as $2 and discounts go as high as 80% off.
Gift cards will no longer be issued and existing ones are only useable in Canadian stores until October 15. Following this date, they can be used online or in U.S. stores.
Forever 21 said it will close most branches in Europe and Asia, but will keep many of its stores in the U.S., Mexico and Latin America open.
For more metro Vancouver news, stayed tuned to our News section.
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