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(CNN) -- Teen clothing retailer Forever 21 is preparing for a potential bankruptcy filing, according to several published reports.Forever 21, which is privately held, has more than 800 stores in 57 countries. And while many retailers have been paring back their network of stores in recent years, Forever 21 was adding stores as recently as 2016. It still has as many stores as it reported at that time.The ability to get out of leases and close stores at a lower cost is one of the advantages that the bankruptcy process affords to retailers.The company did not respond to requests for comment.Traditional brick-and-mortar retailers that specialize in selling clothes to teens and young adults have had a particularly hard time in recent years as younger buyers shift from mall visits to online purchases.Among the retailers in the segment that filed for bankruptcy and closed all their stores during the last five years are Wet Seal, American Apparel and Delia's. Aeropostale also filed for bankruptcy in 2016 but has kept some of its stores open.Many retailers have run into trouble due to being purchased by private equity firms or hedge funds. But Forever 21 is still owned by its founders, Do Won and Jin Sook Chang. A husband and wife team, the Changs immigrated from South Korea in 1981 and started the chain three years later with a single 900 square-foot store in Los Angeles and only ,000 in savings.Forbes lists the couple as having a net worth of .5 billion, and the privately-held company itself as having annual sales of .4 billion and 30,000 employees.Bloomberg reported in June that some members of Forever 21 management had asked some of its landlords to take a stake in the company as a way of coming up with funds it needs.Mall owner Simon Property Group, for which Forever 21 is a major tenant, took a stake in Aeropostale during its bankruptcy process. In July Simon Property CEO David Simon told investors it was open to working with other tenants facing trouble, without mentioning any by name."We'll work together on other distressed situations, and let's face it, there are some out there," Simon said. "But we're only going to buy into companies that, we think, have brands and that the volume that is worth doing it."But Bloomberg reported Thursday that Do Won Chang has been trying to maintain control of the company in any restructuring, and that his desire to do so has limited the company's ability to find funds it needs. 2469

(KGTV) ¡ª Former Blink-182 guitarist and Poway native Tom DeLonge is set to host a History Channel series centered on proving the existence of UFOs.The six-part series "Unidentified: Inside America's UFO Investigation" will feature DeLonge's interview with a former military intelligence official, Luis Elizondo, who confirmed the Pentagon's UFO program. According to the Associated Press, Elizondo told The New York Times in 2017 he used to run the Advanced Aerospace Threat Identification Program. RELATED: Blink 182's Tom DeLonge examines UFO report from San Diego Navy pilotThe series will also feature interviews with other former government and aerospace officials and, "produce tangible evidence to build the most indisputable case for the existence and threat of UFOs."¡°With this show, the real conversation can finally begin," DeLonge said in a statement. "I think everyone that watches the show will walk away with questions answered and a feeling of, ¡°wow, I get it now.¡±¡®The History Channel series is scheduled to air in May.DeLonge, who also fronts the band Angels & Airwaves, has long been fascinated by the extraterrestrial. He is CEO of To The Stars Academy, which aims to help researchers, "explore exotic science and technologies." 1261

(KGTV) - Can eggs really balance on their tips during the Vernal Equinox?Yes, but you can do it any day.There is nothing about the sun being over the equator that allows eggs to balance on their ends more easily. All you need is a steady hand ... and some patience. 273

(KGTV) - Did Delta really post fliers encouraging workers to buy a video game console instead of paying union dues?Yes.Delta also posted a similar poster encouraging employees to spend their money on watching sports instead of dues.The airline admits it's trying to discourage workers from joining the union.The union in question, the International Association of Machinists and Aerospace Workers, calls it "union busting propaganda." 442

(CNN) -- Sugar might be falling out of favor, but it's the centerpiece of a makeover of Krispy Kreme that includes a new menu and its first store redesign in a decade.The doughnut company, founded 82 years ago, debuted a new location Tuesday in North Carolina that showcases Krispy Kreme's new, extra-sweet menu. It features concoctions like doughnut-infused ice cream, milkshakes and a customizable toppings bar for the glazed doughnuts.The makeover follows rival Dunkin's debut of a modernized store and new menu items, like breakfast bowls, in a bid to attract more people. The expansion has worked and sales jumped 2.4% for the first quarter of this year.The new Krispy Kreme store, which is a half hour east of Charlotte, is framed with a "stylistic wink" to its logo on the exterior. The interior has digital menu boards and an "enhanced doughnut theater experience" that shows how the doughnuts are made and glazed on a conveyer belt.The menu is revamped. One of the new items is "scoop sandwiches," a layer of ice cream with doughnuts in it, served between a sliced doughnut that can be topped with a variety of items, like vanilla, or chocolate. New milkshakes made from the doughnut ice cream can be topped, of course, with doughnuts, as well as toppings like Oreo bits.The doughnuts themselves are getting an upgrade; customers will have the option to add five different glazes and ten toppings.The company said the design is coming at a time of growth for the once-struggling chain. It plans to open 450 shops globally by the end of 2022. Of those, 45 new shops will be in the United States within the next year.Krispy Kreme will also remodel its 350 stores in the United States. But each store might not be as elaborate as its North Carolina store because menu items and store features will vary depending on location and store size.Krispy Kreme is building a new location in New York's Times Square. It will be open 24 hours a day and include a glaze waterfall. It's scheduled to open early next year.The doughnut chain went private in 2016 when JAB Holdings bought it for .35 billion. The parent company, which is based in Luxembourg, was recently embroiled in controversy after it was discovered that the family that owns it said their Nazi ancestors used slave labor during World War II.The Reimann family, which owns the controlling stake in JAB Holdings, said it donated €10 million, or million, to a yet-undisclosed charity after a three-year investigation that it commissioned discovered details of their ancestors' behavior.JAB Holdings also owns Panera Bread, Pret A Manger and Einstein's Bagels. 2633