Goodbye Forever 21, it's been fun

Forever 21 has confirmed it will close its only Irish store this year after suffering massive losses.

The multi-storey Dublin store is set to close up this year, although no set date has been announced yet.

Dwindling profits were recorded at the fast-fashion retailer in recent years. reports the company had an annual loss of €15.6 million in the year ending February 2016 and accumulated losses of €44 million since it opened.

Forever 21 is the 5th largest specialty retailer in the United States. It arrived in Ireland in 2010, providing trending clothing across a huge store in Jervis Shopping Centre.

There were 82 staff members working at Forever 21 in 2016, and redundancies are to be rolled out in due course.