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Forever 21 confirms plans to close Dublin store

US young fashion retailer Forever 21 has confirmed it will shutter its only Dublin store.

Accounts filed for Forever 21 Fashion Ireland showed losses of €44m (£39.2m) in the year to February 2016, after setting aside around €11m (£9.8m) for lease exit and redundancy costs.

The store, located at the Jervis shopping centre, opened in 2010.

Forever 21 also intends to close a store in Vancouver, Canada, this month.

Drapers previously reported that Forever 21 was reviewing its UK estate, as it continued to struggle in the competitive market.

It made a loss of £29m in the year to 28 February 2016, according to its most recent accounts filed with Companies House.

Forever 21 closed its Essex Intu Lakeside store in 2016 after being open for five years, following the closure of stores at Westfield Stratford City and Glasgow in the same year and Intu Trafford Centre in Manchester in 2015.

It continues to operate stores on Oxford Street, Church Street in Liverpool, and at the Bullring Shopping Centre in Birmingham.

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