The U.S.-based operator of Forever 21 was preparing to close at least 200 more locations as part of a bankruptcy process expected to kick off as soon as next month, Bloomberg News reported on Wednesday,

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.

Forever 21 is planning to close nearly 200 stores. According to Bloomberg, this comes as the Los Angeles based retailer is heading into its second bankruptcy. The process is expected to kick off as soon as next month. Some mall-based stores in Fresno, Bakersfield and Palm Desert have already put up going-out-of-business signs.