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Stock impact report

All Forever 21 stores to be closed by May 1 following closing sales, operator says [USA TODAY]

Simon Property Group, Inc. (SPG) 
Last simon property group, inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.simon.com
Company Research Source: USA TODAY
USA TODAY Forever 21's operator plans to have all of its more than 350 locations vacated before the end of next month following its Chapter 11 bankruptcy filing over the weekend , the company said. Legal counsel for F21 OpCo, the operator of Forever 21 , said during a hearing on Tuesday that the company anticipates to vacate its approximately 354 leased stores by the end of April, a spokesperson for the fast fashion retailer told USA TODAY. According to court records, the company plans to complete all store closing sales before May 1, with many closing before April 1. Once the closing sales are complete, the stores will close, the spokesperson noted. "On behalf of the company, I'd like to express our deep appreciation for the hard work of our dedicated employees and their commitment to our customers," Brad Sell, chief financial officer of F21 OpCo, said in a news release. "We are also grateful for the many years of support from our partners and our loyal customers, who have a Show less Read more
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