Teen clothing retailer Forever 21 is reportedly looking into restructuring options as it considers filing for bankruptcy. The company is continuing to struggle under the pressures of reduced foot traffic at malls, Bloomberg reported.

Through restructuring efforts, Forever 21 is looking to shore up its liquidity, and allow Do Won Chang to stay at the helm of the company, the news outlet reported.

Forever 21 is feeling the retail pinch as its stores are primarily located in malls, which are finding it increasingly challenging to find shoppers as consumers shift to online purchasing habits. The company has more than 815 stores located throughout the world.

According to a source for the news outlet, the company is currently in talks with private equity firm Apollo Global Management about raising debtor-in-possession (DIP) funding should it move forward with the bankruptcy process. A concrete decision to file for bankruptcy has not been announced by the retailer.

“Forever 21 is speaking with our lenders in the normal course of business and are in compliance with all of our agreements and continue to operate as usual,” the company said in an email to Bloomberg.

Forever 21 Hackers stole credit card data from clothing retailer Forever 21.