Rue21 stores in Brookhaven, McComb to close
The Rue21 stores in Brookhaven and McComb are on the list of about 400 stores the chain announced will be closing.
The company, which specializes in clothing for teens, has more than 1,000 stores, including 24 in Mississippi. Brookhaven, at 958 Brookway Blvd., and McComb, in Edgewood Mall, are two of a dozen of the chain’s stores in Mississippi that will close. It is not known yet when that will be.
Others are Columbia, Corinth, Flowood, Greenville, Greenwood, Hattiesburg, Meridian, Oxford, Philadelphia and Vicksburg.
Batesville and Robinsonville stores already closed
“It’s true — we are closing some stores,” the company announced on its website. “It was a difficult but necessary decision. But the good news is we still have hundreds of locations across the country, and our website rue21.com, open for business.”
On its website the company says Rue21 is “the largest fast-fashion growth retailer in the nation.” Headquartered near Pittsburgh, the website says it is “young, fun and fresh.”
Bloomberg reported earlier this month that the company could soon file for bankruptcy.
It was also announced earlier this month that Payless ShoeSource is closing hundreds of stores nationwide, including its locations in Brookhaven and McComb.
The company is also closing stores in Hattiesburg, Ridgeland, Jackson and Clarksdale.
The company filed for Chapter 11 bankruptcy April 4 with less than $1 billion in assets and $10 billion in liabilities.
Payless has been in talks with lenders over a restructuring plan that included closing as many as 1,000 stores, according to media reports.
The company has more than 4,000 stores and employs more than 20,000 people.
Payless plans to reduce its debt by almost 50 percent, lower how much it pays in interest and line up funds. The company says some of its lenders have agreed make available up to $385 million to keep the stores running.
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