rue21 Files Chapter 11; To Focus on Best Performing Stores
Another teen specialty apparel retailer, rue21 Inc., has filed for chapter 11 bankruptcy reorganization. Last month, rue21 began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations. The locations were identified as unprofitable, underperforming, or not a strategic fit going forward. rue21 hired Gordon Brothers Retail