Forever 21, Pier 1: Bad News For 2 Major Retailers In Miami

MIAMI, FL — It looks like "forever" may have been a bit of a stretch in the name Forever 21 and Pier 1's ship never came in as both retail chains announced possible store closings. Forever 21 will close up to 178 stores in the United States while home decor goods store Pier 1 may close up to 145 of its locations.

Forever 21 announced it has filed for Chapter 11 bankruptcy in a Sept. 29 letter to customers. The teenage clothing store made it clear, though, it wasn't going out of business, and instead filed for bankruptcy protection as a "deliberate and decisive step to put us on a successful track for the future," according to the letter.

Pier 1 announced their own possible store closings after reporting low financial results on Sept. 25.

"As anticipated, our fourth-quarter sales and profitability were disappointing and reflect the execution issues we identified earlier in the year and have been working with urgency to correct," Cheryl Bachelder, interim Pier 1 CEO, said in a statement.

The two companies join a growing list of brick-and-mortar establishment that have seen a nose dive in revenue and popularity with the emergence of e-commerce companies such as Amazon.

"We are confident this is the right path for the long-term health of our business," Forever 21 said in the letter to customers. "Once we complete a reorganization, Forever 21 will be a stronger, more viable company that is better positioned to prosper for years to come."

Neither chain has yet specified the locations that will be closed, but for now everything seems to be on the table.

Here are the Forever 21 locations in the Miami are:

• Lincoln Road: 701 Lincoln Road, Miami Beach; Tel: 305-459-8259
• The Shops @ Sunset Place: 5701 Sunset Drive Ste. #114 South Miami; Tel: 786-801-6821
• Miami International: 1455 NW 107 Ave, Suite 560A, Doral; 786-843-4404
• Dolphin Mall: 11401 NW 12th St., Suite I-100, Miami; Tel: 305-428-8974
• Palms Town & Country: 8525 Mills Drive, #114, Miami: 786-843-4413
• Aventura Mall: 19501 Biscayne Blvd, Space #3004 Aventura; Tel: 786-654-6817
• Pembroke Lakes Mall: 11401 Pines Blvd, Space 576 Pembroke Pines, Pembroke Pines; Tel: 754-260-6430
• Sawgrass Mills: 12801 W. Sunrise Blvd. Ste. 555 Sunrise; Tel: 954-331-3086

Here are the Pier 1 locations in the Miami area:

• Boca Raton: 20655 Lyons Rd; Tel: 561-479-4220
• Aventura: 18681 Biscayne Blvd: 305-935-1511
• Pembroke Pines: 11575 Pines Blvd; 954-442-3450
• Davie: 3470 South University Dr; Tel: 954-370-0330
• Fort Lauderdale: 1860 North Federal Hwy; Tel: 954-563-0205
• International Mall; 10600 Nw 19Th Street; 305-592-8114
• Coral Gables: 1224 South Dixie Hwy; Tel: 305-665-7866
• Coral Way: 8415 Sw 24th St; 305-266-5003
• Plantation: 12160 West Sunrise Blvd; Tel: 954-476-7990
• Coral Springs: 751 University Dr; Tel: 954-344-8348
• Pompano Beach: 1981 North Federal Hwy; Tel: 954-781-3810
• Kendall: 8615 Sw 124th Ave; Tel: 305-412-7831
• The Falls: 8725 Sw 136th St, Miami; Tel: 305-255-6410
• Delray Place: 1851 S. Federal Hwy; Tel: 561-330-0031
• Boynton Beach: 320 North Congress Ave; Tel: 561-732-5220
• Wellington: 10510 W Forest Hill Blvd; Tel: 561-514-1322
• West Palm Beach: 1855 Palm Beach Lakes Blvd; 561-697-5117
• Palm Beach Gardens: 11275 Legacy Avenue; Tel: 561-624-5785
• Tavernier: 91214 Overseas Highway; Tel: 305-852-3446
• Paige Field: 4945 S Cleveland Ave, Fort Myers; Tel: 239-939-3777
• Summerlin: 17901 Summerlin Road, Fort Myers; Tel: 239-454-3463

Forever 21 saw its revenue decrease to $3.3 billion last year, which is down from the $4.4 billion in 2016, according to the New York Times. The company has also laid off more than 10,000 people since 2016.

Pier 1 has been dealing with its own recent troubles. It had to close 30 stores at the end of its fiscal year in March 2019, and the number of closures could now increase up to 15 percent of their outlets.