The company has filed for bankruptcy protection.
Clothing chain Forever 21 has filed for bankruptcy protection in both Canada and the United States.
The company will be closing 178 stores in the US, though some will remain open.
In Canada however, they are shutting down their entire business here, closing all 44 Forever 21 stores.
2,000 people will lose their jobs as a result of the closures.
“Forever 21 has made the difficult decision to discontinue further financial and operational support for Forever 21 Canada as we reposition the brand and global business to adapt to the current retail environment,” said the company.
The company is also closing many locations in Europe and Asia.
As noted by BNN Bloomberg, “The company said it would focus on maximizing the value of its stores in the United States, where it had 500 locations prior to the downsizing.”
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