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<\/figure>\n<\/div>\n\n\nThe Warrendale, Pennsylvania-based chain filed for Chapter 11 bankruptcy protection Thursday and is shuttering all of its stores nationwide.<\/p>\n\n\n\n
According to Reuters, rue21 attempted to sell its business<\/a> but offers were lower than the company could make by liquidating inventory the company said in court documents.<\/p>\n\n\n\n The fashion retailer operates 543 stores, including 30 locations across Florida, and employs 4,900 people, Reuters reported.<\/p>\n\n\n\n Here’s what we know about rue21 going out of business and its stores in the Sunshine State:<\/p>\n\n\n\n rue21 has filed for bankruptcy for the third time<\/strong><\/p>\n\n\n\n This is the retailer’s third time filing for bankruptcy. The company previously filed in 2003 and 2017, closing 400 stores and cutting about $700 million in debt.<\/p>\n\n\n\n The chain’s current debt is $194.4 million, according to Reuters.<\/p>\n\n\n\n rue21 going out of business sales<\/strong><\/p>\n\n\n\n rue21 will be holding large “going out of business” sales<\/a> over the next two months, including its intellectual property, ahead of closing its stores, according to court documents filed in U.S. Bankruptcy Court in Delaware.<\/p>\n\n\n\n rue21 stores in Florida<\/strong><\/p>\n\n\n\n There are 30 rue21 locations in Florida. The retailer plans to close all its stores within the next two months.<\/p>\n\n\n\n Teen fashion retailer rue21 is closing all its stores after filing for Chapter 11 bankruptcy for the third time. The Warrendale, Pennsylvania-based chain filed for Chapter 11 bankruptcy protection Thursday and is… <\/p>\n","protected":false},"author":2,"featured_media":45025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"dois","default_image_id":71799,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[4],"tags":[8395],"class_list":["post-45024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-what-rue21-stores-are-closing-in-florida-as-the-company-files-for-bankruptcy-again"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/45024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=45024"}],"version-history":[{"count":0,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/45024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/45025"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=45024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=45024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=45024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n