Rue21, a well-known teen clothing retailer, has made the difficult decision to close all its stores nationwide, including its two locations in Lafayette. The company recently filed for Chapter 11 bankruptcy for the third time, with reported assets and liabilities between $100 million and $500 million.
This news comes as a blow to customers who have been frequenting Rue21 stores in Louisiana, where there are a total of 16 locations. Locally, Rue21 has stores located in the Acadiana Mall and the Stirling Lafayette shopping center. With the brand restructuring and closures on the horizon, many loyal customers will be left searching for alternative options for trendy teen clothing.
Rue21 is majority owned by private credit investment firm Blue Torch Capital. The company will not only be closing its stores but will also be selling its brand and holding going-out-of-business sales in the near future. This decision was made after careful consideration of the company’s financial situation and future prospects.
The closure of Rue21’s stores will have a significant impact on the retail landscape of Lafayette. The brand has been a popular choice for trendy teen clothing for many years, and its closure will leave a void that may be difficult to fill. However, customers can take comfort in knowing that there are other options available for fashionable teen clothing.
