Rue 21 files for bankruptcy, will close all stores

[TheFugitive]

Teen-oriented clothing retailer Rue 21, based here in the Pittsburgh area, has filed for bankruptcy protection and will close all of its stores.

https://finance.yahoo.com/news/teen-clothing-retailer-rue21-files-100147751.html

Rue 21 has 540 stores (down from a pre-pandemic peak of over 1000).  Rue's intellectual property is for sale which means that likely it will reappear someplace else as a pop-up shop within an existing retailer (Toys R Us) or as an online-only merchant (Bed, Bath and Beyond).

[TheFugitive]

After filing bankruptcy in May, and apparently being acquired by somewhat murky new owners, Rue21 is reopening a limited number of stores, including one at Monroeville Mall here in the Pittsburgh area.

https://www.msn.com/en-us/money/companies/rue21-reopening-dozens-of-stores-under-new-ownership-including-2-in-pittsburgh-area/ar-AA1oKEv7?ocid=BingNewsVerp