Three Things for September 30
1. Forever 21 files for bankruptcy
Forever 21 announced Sunday that they have officially filed for bankruptcy. The chain, which is known for cheap clothing and low prices in malls across America, is now expecting to “close 178 of its 800 stores,” according to CNN.
Linda Chang, executive vice president of Forever 21, explained in a press release that filing for bankruptcy is “an important and necessary step to secure the future of our company.” The future of other retail chains announcing bankruptcy is becoming more prominent as online shopping takes over the 21st century.
2. Earthquake hits Chile
A 6.8 earthquake hit Chile’s coast on Sunday, near Santiago. The earthquake, which hit with a powerful force, struck unexpectedly but did not leave “reported injuries or damage to basic services,” according to the national emergency agency.
Chile has a history of powerful earthquakes hitting the country, with the previous earthquake from January also having a magnitude of 6.7. Many Chileans have already experienced past earthquakes, with this one just being another common occurrence.
3. Winter Graduation Applications End
This Tuesday, October 1, the portal for winter graduation applications will close. Those who are looking to graduate this winter will have to finalize their applications online by Tuesday to be considered for graduation this term.