The U.S.-based operator of Forever 21 is preparing to close at least 200 stores in preparation for a potential bankruptcy.

Forever 21 is closing stores as the fast-fashion retailer's U.S. operator is considering bankruptcy, five years after the company escaped Chapter 11, according to multiple reports. The Los Angeles, California-headquartered company,

Forever 21 would close the stores under the bankruptcy agreement. However, if the retailer can’t find a buyer while undergoing the bankruptcy process, it might shut down all remaining stores in the U.S, according to Bloomberg.