US-based fashion retailer Forever 21 has announced plans to open more than 40 new F21 RED retail locations across the country this year.

Three F21 RED stores will initially open this month in key retail markets, including San Antonio, Texas; Bronx, New York; and Chicago, Illinois.

New locations will continue to open throughout the year in major cities, and bring the total store count to more than 70 locations by year-end.

Forever 21 merchandising vice-president Linda Chang said: "F21 RED expansion represents an important and exciting opportunity for our growth plan, and will allow us to bring a wide variety of product at competitive prices to new regional areas for our increasing customer base."

"F21 RED expansion represents an important and exciting opportunity for our growth plan."

Launched in 2014, F21 RED has an assortment of fashion staples from Forever 21 and its sub-brands that include Forever 21 Men, Forever 21 Plus, and Forever 21 Girls.

The stores provide a selection of women's, men's and kids' staples to customers.

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By GlobalData

F21 RED is a new concept store for Forever 21 and is a fashion retailer of women's, men's and kids clothing, as well as accessories.

Forever 21 operates more than 815 stores in 57 countries worldwide.

Image: F21 RED in San Diego. Photo: courtesy of Forever 21.