Monday, May 27, 2024

What rue21 stores are closing in Florida as company files for third banktuptcy?

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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 shuttering all of its stores nationwide.

According to Reuters, rue21 attempted to sell its business but offers were lower than the company could make by liquidating inventory the company said in court documents.

The fashion retailer operates 543 stores, including 30 locations across Florida, and employs 4,900 people, Reuters reported.

Here’s what we know about rue21 going out of business and its stores in the Sunshine State:

rue21 has filed for bankruptcy for the third time

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, per USA TODAY.

The chain’s current debt is $194.4 million, according to Reuters.

rue21 going out of business sales

rue21 will be holding large “going out of business” sales 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, Reuters reported.

rue21 stores in Florida

There are 30 rue21 locations in Florida. The retailer plans to close all its stores within the next two months.

  • Boynton Beach (Boyton Beach Mall, 801 N Congress Ave.)
  • Brandon (Brandon Town Center Mall, 311 Brandon Town Center Mal)
  • Brooksville (Coastal Landing, 7167 Coastal Boulevard)
  • Coral Springs (Coral Square, 9349 W Atlantic Blvd)
  • Davenport (Posner Commons, 2050 Posner Boulevard)
  • Daytona Beach (Tanger Outlets Daytona, 1100 Cornerstone Blvd)
  • Ellenton (Ellenton Premium Outlets, 5461 Factory Shops Blvd 620)
  • Fort Myers (Edison Mall, 4125 Cleveland St Space 1825A)
  • Jacksonville (The Avenues, 10300 Southside Blvd; River City Marketplace, 13221 City Station Drive Suite 105)
  • Jensen Beach (Treasure Coast Square, 3174 NW Federal Hwy)
  • Kissimmee (The Loop, 2635 W Osceola Parkway)
  • Lake City (Lake City Mall, 2469 West US Highway 90 Space 179)
  • Lakeland (Lakeland Square, 3800 US Hwy 98 N)
  • Melbourne (Melbourne Square Mall, 1700 West New Haven Avenue #929A, 935, 941)
  • Merritt Island (Merritt Square Mall, 777 E Merritt Island Causeway)
  • Orange Park (Orange Park Mall, 1910 Wells Road A 10A)
  • Orlando (Orlando Premium Outlets, 4959 International Dr Space 3F25; Highland Lakes, 7387 W Colonial Dr)
  • Pembroke Lakes (Pembroke Lakes, 11401 Pines Blvd Suite 182)
  • Pensacola (Cordova Mall, 5100 N Ninth Ave Space D404)
  • Port Charlotte (Port Charlotte Town Center, 1441 Tamiami Trail)
  • Port Richey (Gulf View Square, 9409 US Hwy 19 Suite 537A)
  • St. Petersburg (Tyrone Square Mall, 6901 Tyrone Square Suite 230)
  • Tallahassee (Governors Square Mall, 1500 Apalachee Parkway Suite 1015)
  • Tampa (University Plaza, 13604 University Plaza St; Westshore Plaza, 334 Westshore PlazaSpace A 10; Westfield Citrus Park, 8146 Citrus Park Town Center)
  • Vero Beach (Indian River Mall, 6200 20th StreetSuite 510 B)
  • West Palm Beach (Palm Beach Outlets, 1721 Presidential Way#E409)

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