Teen Retailer Rue 21 Closing 400 Stores

Follow KRLD: Facebook | Twitter

CRANBERRY, Pa. (AP/CBSDFW) – Teen clothing retailer rue21 is closing about one-third of its stores nationwide as it focuses more on its online business.

The privately held company is shuttering nearly 400 stores, leaving it more than 700 stores in 48 states.

The company is based in Cranberry, north of Pittsburgh. In a Facebook post , it called the decision to close the stores “difficult but necessary.” Like many brick-and-mortar retailers, it has been battling declining mall traffic amid strong competition online.

According to the company website, 20 stores are in the North Texas area alone but it’s not known if any of these stores will be closing.

The company didn’t say how soon the stores will close, though its website is promoting store-closing sales.

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. The staff of CBSDFW contributed to this report.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Dallas / Fort Worth

Drip Pan: CBS Local App
Drip Pan: Weather App

Listen Live