Rue 21 files for bankruptcy
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Express to close 4 Chicago area stores after filing for bankruptcy
CHICAGO (CBS) -- Four Express stores in the Chicago area will soon close, after the Ohio-based clothing retailer field for bankruptcy, and announced plans to close nearly 100 of its 500 locations.In a statement, the company said closing sales will begin Tuesday at 95 of its stores, including all of its UpWest locations. According to the company's bankruptcy court filings, the closings include the Express stores at 17 N. State St., in downtown Chicago, at 655 W. Diversey Pkwy. in Lincoln Park, at...
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Popular clothing retailer files for bankruptcy, announces store closures
Express Inc. has filed for Chapter 11 bankruptcy protection, as the fashion retailer looks to sell of the majority of its stores.
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Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy
A retailer primarily located in malls is set to close all 543 of its stores following its third Chapter 11 bankruptcy filing. Closures for all rue21 locations are expected to be completed within the next two months with going-out-of-business sales coming soon. Founded in 1970, rue21 specializes in women's & men's casual apparel and accessories. In its filing on Thursday, May 2, the company said, "It became clear that offers to buy the debtors' assets at their current worth could not exceed...