The struggling clothing retailer Forever 21 appears even closer to a second bankruptcy reports Bloomberg News, with plans to close 200 locations.

News broke Tuesday that the Forever 21 location at Fashion Fair Mall would be among those closing.

The U.S.-based licensee of Forever 21 has been looking for a buyer for some time as sales for the company have lagged. Bloomberg reports part of the bankruptcy process includes the mass closure. The U.S. licensee operates as F21 OpCo.

But, if no qualified buyer emerges, the chain would liquidate its entire 350-store chain, Bloomberg reported.

Retailer Subsidizing Struggling Stores for Years: Bloomberg

The Fresno closing joined at least three other store closure announcements, with the others in Maryland and Connecticut. An employee at the Visalia Forever 21 said there had been no talk of the store at the Visalia Mall closing.

Related Story: Fashion Fair’s Forever 21 to Close. ‘Still a Ways to Go,’ ...

Bloomberg reported that many of the stores slated to close have lost money for years. The chain has subsidized those locations by withholding royalties and rent payments at other sites.

Apparel and lifestyle company Authentic Bands owns the Forever 21 trademark and intellectual property.

Read the full story at Bloomberg News.