Millcreek Mall rue 21 store among 543 to close nationwide after bankruptcy filing
The rue21 store at the Millcreek Mall, which specializes in teen fashion, is expected to close as the Pennsylvania-based retailer shutters all 543 of its U.S. stores. The retail chain, based in the Pittsburgh suburb of Warrendale,
Rue 21 announces plans to close all 540 stores after filing for bankruptcy again
Clothing retailer Rue 21 has announced it will close all 540 locations in the coming weeks as part of its Chapter 11 bankruptcy proceedings, according to Axios. The formerly popular teen-fashion retailer will also look to sell all of its intellectual property in the matter.
Rue 21 files for bankruptcy
The Pittsburg-based business filed for bankruptcy this week. The third time it has done so in its existence. Rue 21 is roughly $200 million in debt and wasn’t able to rebound from when it declared bankruptcy in 2017.
Popular mall retailer Rue 21 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.
Rue 21 enters bankruptcy, to close six Triad stores, 543 overall
The rue21 apparel retailer has filed for federal bankruptcy protection with plans to close all 543 stores that include six locations in the Triad.
Valley View Mall store to close as Rue 21 files for bankruptcy, shuts down its locations
Rue21, a mall staple for teen apparel, is going out of business and closing all 540 of its stores within the coming weeks.
rue21 files for bankruptcy for the third time, all stores to close
Rue21 filed for Chapter 11 bankruptcy and plans to close all of its 543 U.S. store within the next two months.
Pittsburgh-based Rue21 will close all its stores after filing for bankruptcy
The Pittsburgh-based company filed for bankruptcy Thursday for the third time in its existence, signaling the end of nearly 50 years in business for the retailer, which had 1,200 locations at its peak just a few years ago.
Rue21 Files for Third Bankruptcy to Close Stores and Sell Brand
The retailer said it has been losing money due to the growth of online shopping, industry competition, inflation and other factors.
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