Forever 21 is expected to close down 200 stores as part of its second bankruptcy process as the fashion giant struggles to compete with online Chinese retailers including Shein and Temu

The Lafayette store was one of three Louisiana stores to make the list of nearly 180 possible closures planned for across the country, multiple outlets reported Monday.

The clothing retailer’s operator is reportedly considering a second bankruptcy as it explores strategic options in a challenging brick-and-mortar environment. Fast-fashion clothing chain Forever 21 is reportedly getting ready to shutter hundreds of locations as it considers filing for Chapter 11 bankruptcy protection.

Fast fashion chain Forever 21 plans to close approximately 200 stores, including three in Oregon, as part of a bankruptcy plan, according to media reports. Bloomberg reported last week that the chain's operating company is planning to undergo bankruptcy and would seek a buyer for its remaining stores or close them if no buyer emerges.

Forever 21 is planning to close nearly 200 stores. According to Bloomberg, this comes as the Los Angeles based retailer is heading into its second bankruptcy. The process is expected to kick off as soon as next month.

Five months after Forever 21 filed for bankruptcy in 2019, SPARC Group, a joint venture between Authentic Brands and mall operator Simon Property Group, bought Forever 21 out of b