May 17, 2017
Teen clothing retailer rue21 plans to restructure under Chapter 11. The company says the bankruptcy filing would translate to debt reduction and a concentration of efforts on top-performing stores.
The announcement comes just weeks after rue21 began closing roughly 400 of its nearly 1,200 locations. An online store locator indicates the company will shutter multiple Texas locations in June, including seven in Dallas-Fort Worth, four in the Houston area, and four in the San Antonio area.
Texas is currently home to 120 operating rue21 stores. The company noted additional closure announcements are possible.
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