HAYWARD, Calif.–Clothing retailer Forever 21 has submitted a bid to buy about 150 stores from bankrupt Mervyns, the promotional department store chain, according to the Los Angeles Times.
A Mervyns spokesman would only say, “We’re not commenting on any discussions we’ve had with interested parties.”
Mervyns set plans recently to shutter 26 of its 175 stores. Forever 21 is bidding on the remaining locations, the Los Angeles Times said.