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H&M, known for its inexpensive fashions, manufactures most of its clothing in China and Bangladesh.

The retail chain, which has roots in L.A. and was once known for its trendy and inexpensive offerings, will begin an orderly wind-down of its U.S. business while continuing to search for a buyer.

As budget airlines struggle with profitability and major airlines cater increasingly to high-end customers, inexpensive airfare could be harder to come by, experts say.

Its inexpensive, trendy clothes and accessories became increasingly popular with young people over the next few decades and the brand became a competitor of fast-fashion giants such as Zara and H&M.

Forever 21, once a popular seller of inexpensive clothes and apparel, appears poised to file for its second bankruptcy in six years.