It was a sad day for Canadians this week when news broke that Forever 21 would be shutting their doors for good. For those who love to find clothing on a budget, they will have to look somewhere else, as all their locations across Canada will be closing. Although the news only broke this week about the bankruptcy, Forever 21 has now announced that you only have until October 15 to use any gift cards that you may still have.
On Monday, Forever 21 announced that they will be closing all of their Canadain stores after facing some problems with debt for quite some time. While Canadians are heartbroken about the news, Forever 21 CFO Bradley Sell stated to Retail Insider that "After considering numerous options, we have made the difficult decision to discontinue operations in Canada."
However, while Canadians will soon be saying goodbye to the store for good, they still have some time to purchase a few farewell items from the store. Yet, if you still have Forever 21 gift cards lying around, you might want to do that farewell shopping sooner rather than later.
According to CTV News, you will only be able to use existing gift cards at Forever 21 Canadian locations until October 15. Which means you only have ten days to go on that Forever 21 shopping spree one last time.
However, if you don't have time to use these gift cards before October 15, BNN announced that Canadians will still be able to use the gift cards on the Forever 21 U.S. website. This means that your gift card won't be completely useless after next week.
Of course, this also means that no new gift cards are being sold in Canadian locations anymore.
According to BNN, Forever 21 Canada has also announced that it plans to begin liquidating its stores as early as next week.
While it is still unclear about the kinds of sales that Forever 21 will be offering before closing their doors, it's best to keep an eye out next week if you're planning to stock up on some cheap finds.
Stores could be closed as early as November 30 since that's when Forever 21 wants to complete the liquidation process by, according to BNN.