Popular, Rue21
National retail chain closing all stores in Chapter 11 bankruptcy
On May 2, Rue 21, a majority of which is owned by Blue Torch Capital, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. It listed $100 million-$500 million in assets and liabilities in its petition. Blue Torch Capital owns approximately 78% of the troubled retailer.
New retail store, MINISO, coming to the Mall at Johnson City
The Mall at Johnson City announced the upcoming opening of its new retail store MINISO in a social media post on Saturday. MINISO is a store that offers a wide range of products, including household items,
Over 45K retail stores may close in next 5 years: UBS
E-commerce penetration is expected to rise, helped in part by third-party players like Temu and Shein, according to a new report.
Bankrupt national retail chain closes more store locations
Bankrupt drugstore chain Rite Aid has been closing store locations since it filed for Chapter 11 to reorganize its business on Oct. 15, 2023. The company has been shutting down underperforming stores and those with leases that don't make economic sense.
Popular mall retailer Rue 21 closing all stores in Chapter 11 bankruptcy
The most recent example of this ongoing problem is at Rue 21, a store that sells mostly teen and tween clothing. Rue 21 sells affordable apparel and accessories, from party dresses to graphic tees, but has struggled to regain the enthusiasm it enjoyed during the early 2000s.
Rue 21 closing all stores - including 6 in Mass. - files for bankruptcy
Rue 21 has six locations in Massachusetts and nearly 5,000 employees nationwide. I was fired from a new job in less than a week after I started. It taught me not every opportunity is a good opportunity.
Steve VanderVeen: The retail war between Model Drug and Haan's Drug Store
Wilson and Yonkman purchased the Model Drug Store in 1923. That same year, Haan partnered with Houseman of Grand Rapids to ...
Bisnow4d
45,000 Retail Stores Could Shutter In The Next 5 Years: UBS
Roughly 45,000 retail stores could close their doors in the next few years, a new retail report by UBS estimates. UBS modeled ...
Palo Alto Weekly3d
Retail stores are disappearing from PA downtown – is it time for chain stores?
Thinking back two decades ago, there was a Monday evening city council meeting, and members were talking about the downtown ...
Total Retail4d
Small Stores, Big Impact: Why Retail Media is a Weapon for the Shrinking Retail Landscape
By being part of all these channels — on the retailer site, in the physical store, and across relevant content sites — retail ...
TheCourierExpress.com2h
DuBois woman charged with felony retail theft
A woman is facing a felony charge after she allegedly stole alcoholic beverages from the Sheetz store on North Brady Street.
More than a dozen shoppers injured after car crashes through New Mexico retail store
At least 15 people were injured after a car crashed through the glass of a Savers store in Las Cruces, New Mexico, police ...
3 new retail stores, movie theater coming to Houston's CITYCENTRE in Memorial City area
CITYCENTRE is a 47-acre shopping, dining and entertainment community in Houston's Memorial City area. HOUSTON — Some changes ...
California retail theft captured the Capitol’s attention. How major stores have lobbied for it
Home Depot increased its lobbying budget the most, spending $33,000 during the first quarter of 2023 and about $87,000 during the first quarter of 2024. A large chunk of the most recent Home Depot ...