Fashion retailer to close all of its stores including ones in Macomb and Oakland counties

Fashion retailer rue21 has filed for Chapter 11 bankruptcy for a third time and is closing all of its over 500 stores, including four outlets in Macomb and Oakland counties.

Reuters reported the teen apparel shop plans to close the approximate 540 stores within the next two months while advertising “going out of business” sales, according to court documents filed in U.S. Bankruptcy Court in Delaware.

The retailer, which also plans to sell its intellectual property, has not issued a press release or commented publicly on the bankruptcy as of Monday. The company’s website said it was “being updated” and invited visitors to check back later.

Court records show the retailer has 19 properties in Michigan, including:

• Macomb Mall, 32335 Gratiot Ave. Roseville
• Hoover Eleven Shopping Center, 26269 Hoover Road, Warren
• Oakland Mall, 340 W 14 Mile Road, Troy
• Great Lakes Crossing, 4000 Baldwin Road, Auburn Hills

According to USA Today, this is not the first time the retailer based in Warrendale, Penn. has filed for bankruptcy, previously filing in 2003 and 2017, when it closed 400 stores and cut about $700 million in debt. Reuters reported rue21 currently has approximately 4,900 employees and $194.4 million in debt.