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  • Rue21 closing all stores in retailer's third bankruptcy

    05/03/2024 5:50:01 AM PDT · by Red Badger · 2 replies
    Axios ^ | May 3, 2024 | Kelly Tyko , Nathan Bomey
    Teen fashion retailer rue21 plans to close all of its 540 stores after filing for Chapter 11 bankruptcy for the third time Thursday. Why it matters: The move is the latest in a series of retailers closing all their locations, including The Body Shop and 99 Cents Only. Driving the news: In court documents, rue21 said stores are "scheduled to close in the next 4 to 6 weeks." The company is also looking to sell its intellectual property. Flashback: The brand filed for Chapter 11 in 2017 and closed around 400 of its nearly 1,200 stores. It also filed for...