ST. LOUIS — Teen clothing retailer rue21 plans to close all its stores and sell its intellectual property after having filed for bankruptcy a third time.
The Warrendale, Pennsylvania-based retailer, which at one time had 1,000 brick-and-mortar stores, previously sought Chapter 11 bankruptcy protection in 2003 and 2017, and had closed hundreds of locations.
This time, rue21 plans to shutter its roughly 540 primarily mall-based stores in the next four to six weeks, aiming to wrap-up the process by May 31, according to court documents filed Thursday. Boston-based Gordon Brothers will handle the store closing sales.
The retailer is separately seeking to sell its intellectual property. The company's main website was down Thursday after the bankruptcy filing.
Rue21 has five St. Louis-area stores: in Plaza at DePaul in Bridgeton, St. Louis Premium Outlets in Chesterfield, South County Center, Mid Rivers Mall and St. Clair Square.
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