Headlines

Rue21 Closing Select Stores

Retailer to shutter 400 locations

Published

7 years ago

April 18, 2017

amccorq

Teen retailer Rue21 (Warrendale, Pa.) announced it will close 400 of its stores.

Rue21 currently operates 1000 stores, reports the Pittsburgh Business Times. The retailer went private in 2013, and last fall, its CEO Robert N. Fisch was replaced by CFO Keith McDonough.

Rue21 is $824 million in debt. It was also reported that the retailer had entered into forbearance over missing interest and amortization payments.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design