“A clothing chain that was once a fixture in every mall across America is to close 200 more stores as it prepares for second bankruptcy in five years.

Amid mounting debt, Forever 21 could file for Chapter 11 protection as soon as next month, Bloomberg News reported on Wednesday.
……
“Forever 21 has been battered by the rise of Shein and to a certain extent Temu,' retail expert Neil Saunders told DailyMail.com. …”

https://mol.im/a/14417883

ETA: just found this:
“Temu and Shein are popular online shopping platforms that sell a wide range of products at low prices.”

Shein and Temu are where you go when Walmart and Wish aren’t a low enough grade of Chinese bullshit.

And Shein and Temu will now be hemorrhaging customers in turn, thanks to the new Chinese tariffs and especially the suspension of the de minimis exception.

That ultra cheap direct-from-China clothing suddenly isn't so attractive when it comes with tariffs and taxes attached.