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Rue 21, 5135 Sunset Boulevard Suite N: January 2019   no comments

Posted at 11:18 pm in closing

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I was not really aware of Rue 21 in Lexington as I'm not in the target young women demo, and don't like shopping for clothes anyway. After commenter Jimmy mentioned that this store was closing, I did a little research and found that the store was in Chapter 11 bankruptcy from May to September of 2017 and closed 420 stores during that period. They also took on a new CEO as of 25 June 2018 who 'resigned' mid-November 2018 after less than a half year tenure. Apparently the teen apparel sector continues to flail, and Rue 21 continues to shed stores.

(Hat tip to commenter Jimmy)

Written by ted on December 12th, 2018

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