Rue21 closing all stores, including 6 in Massachusetts, amid latest bankruptcy

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CLOSING ALL OF ITS STORES AFTER FILING FOR BANKRUPTCY. THIS WEEK. THIS IS THE THIRD TIME THE BRAND HAS DONE THIS SINCE IT FIRST OPENED, ACCORDING TO THE COURT FILING. THE CEO SAID THE COMPANY WAS SEVERELY IMPACTED BY COVID 19 ON. ROUTE 21, HAS SIX LOCATIONS IN MASSACHUSETTS.

Rue21 closing all stores, including 6 in Massachusetts, amid latest bankruptcy

Teen fashion retailer rue21 is closing all of its stores, including six in Massachusetts, after filing for bankruptcy this week. This is the third time the brand has sought bankruptcy protection since it first opened. The company is roughly $200 million in debt and wasn’t able to rebound after the bankruptcy declared in 2017. According to a court filing, the CEO said the COVID-19 pandemic severely impacted the company.The Pittsburgh-based company had 540 stores and nearly 5,000 employees nationwide.

NEEDHAM, Mass. —

Teen fashion retailer rue21 is closing all of its stores, including six in Massachusetts, after filing for bankruptcy this week.

This is the third time the brand has sought bankruptcy protection since it first opened. The company is roughly $200 million in debt and wasn’t able to rebound after the bankruptcy declared in 2017.

According to a court filing, the CEO said the COVID-19 pandemic severely impacted the company.

The Pittsburgh-based company had 540 stores and nearly 5,000 employees nationwide.



This article was originally published by a www.wcvb.com

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