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.”
www.axios.com/2024/05/02/rue21-closing-stores-bankruptcy
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