LOW-PRICE FASHION CHAIN FOREVER 21 NOW OFFICIALLY FILING FOR CHAPTER 11 BANKRUPTCY. TEARSA: THE COMPANY SAYING IT WILL ALSO CLOSE UP TO 178 STORES ACROSS THE U-S. IT ALSO PLANS TO CLOSE MOST OF ITS LOCATIONS IN ASIA AND EUROPE.. BUT CONTINUE OPERATING IN MEXICO AND LATIN AMERICA. FOREVER 21 JOINS A GROWING LIST OF RETAILERS SEEKING BANKRUPTCY PROTECTION AS THEY BATTLE ONLINE COMPETITORS. THE FASHION CHAIN HAS ALSO BEEN MORE VULNERABLE THAN OTHERS BECAUSE OF ITS LARGE FOOTPRINT IN MALLS.. WHICH ARE ATTRACTING FEWER SHOPPERS. DOUG A RECALL ALERT THIS MORNING — AFFECTING MAN’S BEST FRIEND. DOUG