Forever 21 says "Everything must go!" at Montgomery Mall as closing rumors swirl

Is Forever 21 closing any stores, some stores, or all stores? The apparel chain isn't making any announcements. But its Bethesda store at Westfield Montgomery Mall just put up signs stating "Everything must go!" Another sign says prices are 10% to 40% off. I've never seen an "Everything must go!" sign at a store that wasn't closing. No sign says the store is closing, but the moves align with the report from a Forever 21 location in Woodbridge, New Jersey. 

The Daily Dot reports that a similar sale is now underway at that New Jersey store, where no returns are being accepted on the sale items. When asked why they could not be returned, a Woodbridge store employee reportedly told the customer it was because all Forever 21 stores are closing, and that the discounts will ramp up as the weeks go by toward the eventual closure. The Daily Dot notes that The Wall Street Journal recently reported that the chain is mulling a bankruptcy filing.