Rue21 files Chapter 11 bankruptcy, closing 540 stores, including 8 in Colorado, due to $200M debt.
Popular clothing retailer Rue21 is closing all 540 of its stores, including 8 in Colorado, after filing for Chapter 11 bankruptcy for the third time. The company has reportedly accumulated $200 million in debt, leading to the decision to close all stores nationwide. The process of store closures will take place over the next 4 to 6 weeks, affecting more than 4,900 employees.
May 18, 2024
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