Issuing a brief statement on Twitter, clothing retailer Rue21 Inc. confirmed plans for the closure of hundreds of stores.
MIAMI– The Rue21 store located at 1512 N. Main in the Town Square Center strip mall in Miami is set to close its doors due to company-wide cutbacks.
Issuing a brief statement on Twitter over the weekend, clothing retailer Rue21 Inc. confirmed plans for the closure of hundreds of its brick and mortar stores across the nation.
"It’s true – we are closing some stores. It was a difficult but necessary decision," reads the Rue21 statement. "But the good news is we still have hundreds of locations across the country, and our website rue21.com, open for business!"
Reuters reported April 6 that the retailer is preparing to file for bankruptcy as early as this month to manage a debt burden of nearly $1 billion, but there has yet to be an official announcement from the company concerning such a filing.
Following the release of its closure statement on social media, some 400 stores, including 31 Oklahoma locations, were marked for closure on "find location" results at the Rue21 website through Tuesday, April 18. However, closure labels on store search results have since been removed.
Rue21 has not released any further statements on the planned closings as of the morning of April 20. It also remains unclear how many employees will be affected by the location cuts.
When contacted, management at the Miami location said they were not allowed to provide any comments or information to the media.
While there is no signage indicating a particular closing date, the Miami store is displaying a banner announcing its pending closure and advertising deep discounts on merchandise storewide.
Dorothy Ballard is the managing news editor for the Miami News-Record. Contact her at email@example.com and follow her on Twitter @dm_ballard.