{"id":2238722,"date":"2024-05-06T19:53:02","date_gmt":"2024-05-06T23:53:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/utter-devastation-national-fashion-chain-to-shut-down-all-540-stores-within-weeks\/"},"modified":"2024-05-06T19:56:01","modified_gmt":"2024-05-06T23:56:01","slug":"utter-devastation-national-fashion-chain-to-shut-down-all-540-stores-within-weeks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/utter-devastation-national-fashion-chain-to-shut-down-all-540-stores-within-weeks\/","title":{"rendered":"Total Destruction: Nationwide Clothing Brand to Close 540 Stores Soon"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Futter-devastation-national-fashion-chain-to-shut-down-all-540-stores-within-weeks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2238722&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Rue21, a former \u2062mall favorite, announces the closure of\u2064 all\u2064 540 stores in response\u200d to retail challenges, COVID-19 impacts, and economic struggles. Despite attempts to find a buyer, the \u200bchain will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/food-stamps-see-where-you-can-use-ebt-benefits-at-restaurants\/\" title=\"Find restaurants that accept EBT benefits for food stamps.\">offer discounted prices<\/a> until inventory is\u2064 cleared out before permanent\u200d closure. The \u2062chain once boasted over 1,200 stores at \u2063its \u200cpeak in 2013. Rue21, a once \u2062popular mall brand, is shutting down its 540 \u200cstores \u2063due to \u2063retail hurdles, COVID-19 effects, and financial difficulties. Despite efforts to sell, the chain will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/michael-flynn-launches-website-for-bodily-donations-from-unvaccinated-individuals\/\" title=\"Flynn creates site for unvaccinated body donations.\">provide discounts<\/a> until stock is sold before the final shutdown. At \u200dits peak\u200d in 2013, Rue21 operated over 1,200 stores.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/news\/\">  News <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/igcolonel\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/igcolonel\/%20\"><span>Warner Todd Huston<\/span><\/a> <\/span> <span>   May 6, 2024 at 1:47pm <\/span> <\/span>  <\/header>\n<section>\n<p>Another national retailer is calling it quits after the pressures of a changing retail environment, disastrous COVID-19 policies and Bidenomics caused the chain to make some hard choices.<\/p>\n<p>Rue21, which was once a mainstay in malls all across the country, will close all 540 of its stores in the coming weeks, according to <a href=\"https:\/\/www.cnn.com\/2024\/05\/03\/business\/rue21-bankruptcy-stores-closing\/index.html\" target=\"_blank\" rel=\"noopener\">CNN<\/a>.<\/p>\n<p>The Warrendale, Pennsylvania-based clothing chain filed for <a href=\"https:\/\/www.westernjournal.com\/ev-company-biden-admin-loves-declares-bankruptcy\/\" target=\"_blank\" rel=\"noopener\">bankruptcy<\/a> on Thursday. It plans to begin offering steep discounts on its remaining inventory, but after that is all gone, the 40-year-old chain will be shut down forever.<\/p>\n<p>Deals will be set at 20 percent to 50 percent of retail prices and likely will rise to 90 percent until everything is gone, the U.K.\u2019s <a href=\"https:\/\/www.dailymail.co.uk\/yourmoney\/article-13384887\/National-fashion-chain-shuts-stores.html\" target=\"_blank\" rel=\"noopener\">Daily Mail<\/a> reported.<\/p>\n<p>Owners of the retailer tried to find a buyer to keep the doors open but found no takers, according to <a href=\"https:\/\/cases.ra.kroll.com\/rue21\/Home-DocketInfo\" target=\"_blank\" rel=\"noopener\">court filings<\/a>.<\/p>\n<p>Rue21 has outlets in 45 states, according to <a href=\"https:\/\/www.wnep.com\/article\/news\/nation-world\/rue21-bankruptcy-closing-all-stores-full-list-locations\/507-19106445-2aa7-4062-b5b7-f0ae040c3da3\" target=\"_blank\" rel=\"noopener\">WNEP-TV<\/a>. Texas is its largest market with 51 stores, followed by Georgia with 39.<\/p>\n<p>Despite the <a href=\"https:\/\/www.westernjournal.com\/ap-major-sports-network-declares-bankruptcy-9b-debt-owns-rights-broadcast-42-professional-teams\/\" target=\"_blank\" rel=\"noopener\">financial problems<\/a> hanging over it, the chain said its 4,900 employees will stay on during the final clearance sales, according to CNN.<\/p>\n<p>Founded in 1970 as Pennsylvania Fashions Inc. in Philadelphia, the company soon became a popular chain for young shoppers in malls everywhere. Selling clothing under the slogan, \u201cFashion should be fun and accessible to all,\u201d Rue21 grew to more than 1,200 stores at its height in 2013.<\/p>\n<p>The road has been rocky recently, however, and the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/scat-racket-fugitive-fraudsters-behind-poop-theranos-startup-are-democratic-donors\/\" title=\"SCAT RACKET: Fugitive Fraudsters Behind \u2018Poop Theranos\u2019 Startup Are Democratic Donors\">company filed<\/a> for Chapter 11 in 2017. The company shuttered 400 underperforming stores but was able to keep moving forward.<\/p>\n<div id=\"firefly-poll-container\">\n<p>Is it possible to rebuild America&#8217;s malls?<\/p>\n<\/p><\/div>\n<p>But now the pressures have been too much.<\/p>\n<p>Interim CEO Michele Pascoe said in a court filing that Rue21 was \u201cnegatively impacted by challenges stemming from the COVID-19 pandemic.\u201d<\/p>\n<p>After millions of shoppers got used to buying online during the lockdowns, the retailer found it hard to get customers back in the malls.<\/p>\n<p>Analyst Neil Saunders of GlobalData told CNN that the chain is no longer appealing to today\u2019s customers.<\/p>\n<p>\u201cRue21 does not have a very compelling proposition and is losing customers to other retailers and to cheaper and more interesting fashion platforms like Shein,\u201d Saunders said.<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">shop graphics, shorts &#038; more now BOGO 50% OFF! \ud83d\udea8\u200b<a href=\"https:\/\/t.co\/DLC4OLoB1y\">https:\/\/t.co\/DLC4OLoB1y<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/rue21?src=hash&#038;ref_src=twsrc%5Etfw\">#rue21<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/deals?src=hash&#038;ref_src=twsrc%5Etfw\">#deals<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/bogo50?src=hash&#038;ref_src=twsrc%5Etfw\">#bogo50<\/a> <a href=\"https:\/\/t.co\/e0M1LXzQCS\">pic.twitter.com\/e0M1LXzQCS<\/a><\/p>\n<p>\u2014 rue21 (@rue21) <a href=\"https:\/\/twitter.com\/rue21\/status\/1664693462040469504?\">June 2, 2023<\/a><\/p>\n<\/blockquote>\n<p>  The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bloodbath-hedge-fund-short-sale-losses-top-1-billion-following-gamestop-stock-surge\/\" title=\"Bloodbath: Hedge Fund Short Sale Losses Top  Billion Following GameStop Stock Surge\">clothing retailer<\/a> is far from the only brick-and-mortar business facing difficulty.<\/p>\n<p>Mid-priced seafood restaurant <a href=\"https:\/\/www.westernjournal.com\/red-lobster-may-file-bankruptcy-labor-costs-skyrocket-report\/\" target=\"_blank\" rel=\"noopener\">Red Lobster<\/a> said last month that labor costs and food prices were driving it to a possible bankruptcy filing. The chain said it lost $22 million in 2023.<\/p>\n<p>In August, pharmacy giant Rite Aid filed for bankruptcy after <a href=\"https:\/\/www.westernjournal.com\/major-american-business-2213-locations-set-file-bankruptcy-report\/\" target=\"_blank\" rel=\"noopener\">falling<\/a> into billions of dollars in debt.<\/p>\n<hr>\n<div>\n<p><b><i>A Note from Our Deputy Managing Editor:<\/i><\/b><\/p>\n<p><i><span>\u201cWe don\u2019t even know if an election will be held in 2024.\u201d Those 12 words have been stuck in my head since I first read them. <\/span><\/i><\/p>\n<p><i><span>Former Lt. Gen. Michael Flynn recently made that comment to Floyd Brown, founder of The Western Journal. <\/span><\/i><\/p>\n<p><i><span>And if the leftists and the elites get their way, that\u2019s exactly what will happen \u2014 no real election, no real choice for the Electoral College, and no real say for the American people. <\/span><\/i><\/p>\n<p><i><span>The Western Journal is fighting to keep that from happening, but we can\u2019t do it alone.<\/span><\/i><\/p>\n<p><i><span>We work tirelessly to expose the lying leftist media and the corrupt America-hating elites.<\/span><\/i><\/p>\n<p><i><span>But Big Tech\u2019s stranglehold is now so tight that <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>without help<\/span><\/i><\/a><i><span>  from you, we will not be able to continue the fight. <\/span><\/i><\/p>\n<p><i><span>The 2024 election is literally the most important election for every living American. We have to unite and fight for our country, otherwise we will lose it. And if we lose the America we love in 2024, we\u2019ll lose it for good. Can we <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>count on you<\/span><\/i><\/a><i><span>  to help? <\/span><\/i><\/p>\n<p><i><span>With you we will be able to field journalists, do more investigative work, expose more corruption, and get desperately needed truth to millions of Americans. <\/span><\/i><\/p>\n<p><i><span>We can do this only with your help. Please don\u2019t wait one minute.<\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>  Donate right now<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<p><i><span>Thank you for reading,<\/span><\/i><\/p>\n<p><i><span>Josh Manning<\/span><\/i><\/p>\n<p><i><span>Deputy Managing Editor<\/span><\/i><\/p>\n<p><i><span>P.S. Please <\/span><\/i><a href=\"https:\/\/www.paypal.com\/donate\/?hosted_button_id=BM6XAWRJ8NS7A&#038;utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>stand with us<\/span><\/i><\/a><i><span>  today.<\/span><\/i><\/p>\n<\/p><\/div>\n<div id=\"author-info-43\">\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/igcolonel\/\">  <\/a> <\/p>\n<div>\n<p><label for=\"summary-tab-radio-43\">Summary<\/label><label for=\"more-info-tab-radio-43\">More<span> Biographical Information<\/span><\/label><label for=\"posts-tab-radio-43\">Recent<span> Posts<\/span><\/label><label for=\"contact-tab-radio-43\" onclick=\"if( typeof grecaptcha=='undefined' ) { let cap_s=document.createElement( 'script' ); cap_s.src='https:\/\/www.google.com\/recaptcha\/api.js?render=6LeJFcsUAAAAAPsIEqvB1EebWbZfqRUe6ebMpGy7'; document.body.appendChild( cap_s ); }\">Contact<\/label><\/p>\n<div>\n<p>Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN and several local Chicago news programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a &#8220;target-rich environment&#8221; for political news. Follow him on Truth Social at @WarnerToddHuston.<\/p>\n<\/p><\/div>\n<div>\n<p>  Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN and several local Chicago news programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a &#8220;target-rich environment&#8221; for political news. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In latest developments by Warner Todd Huston on May 6, 2024, at 1:47 pm, Rue21, a former mall staple, succumbs to retail changes, COVID-19 impact, and economic policies. The chain decides to shut down all 540 stores due to these challenges<\/p>\n","protected":false},"author":180,"featured_media":2238723,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Store-closing-signs.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2238722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Store-closing-signs.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2238722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/180"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2238722"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2238722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2238723"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2238722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2238722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2238722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}