"As we move through the process, we will work diligently to minimize the impact on our employees, customers, vendors and other stakeholders."

“When Forever 21 introduced men’s pieces in my college years, they fast became my go-to for going-out tops. I remember buying a black sheer button-up that I wore practically every Friday night. I wore it to the ground; it disintegrated after about a month.” —Christian Allaire, senior fashion & style writer

Forever 21 stores in the U.S. — including 17 in Pennsylvania — are poised to go out of business after the company's owners filed for Chapter 11 bankruptcy protection. Why it matters: The retailer was a pioneer in fast fashion,