Its over for Rue21; all stores to close after new bankruptcy filing [Video]

WARRENDALE, Pennsylvania – Teen clothing retailer Rue21 plans to close all its stores and sell its intellectual property after having filed for bankruptcy a third time.

The Warrendale, Pennsylvania-based retailer, which at one time had 1,000 brick-and-mortar stores, previously sought Chapter 11 bankruptcy protection in 2003 and 2017, and had closed hundreds of locations

This time, Rue21 plans to shutter its roughly 540 primarily mall-based stores in the next four to six weeks, aiming to wrap up the process by May 31, according to court documents filed Thursday by the retailer in U.S. Bankruptcy Court for the District of Delaware. Boston-based Gordon Brothers will handle the store closing sales.

Read the full story on cleveland.com’s sister site, Cleveland Business Journal.

Get the best in local business news sent straight to your inbox with the Cleveland Business Journal. Free to sign up.