Teen retailer Rue21, which has been the subject of recent bankruptcy rumors, has decided to shutter 400 stores and put more of its attention to online sales. [More]
another retailer bites the dust?
Rue21 May Be Next Retailer To File For Bankruptcy
By 4.6.17
The retail wheel of misfortune has been particularly unkind to teen-targeted shops that occupy many of the nation’s malls and shopping centers. WetSeal, Aeropostale, Pacific Sun, and Quicksilver have all recently filed for bankruptcy, and a new report says Rue21 may be the next to fall. [More]
IKEA Launching Customizable “Open Source” Furniture To Give Customers More Choices
By 1.30.17
Maybe you can’t afford that bespoke chaise with the walnut legs and expensive upholstery, but that doesn’t mean you have to resign yourself to having the same living room as everyone else who shops at IKEA: in an effort to help customers living in tight spaces more options, the Swedish furniture company is introducing what it calls its first “open source” furniture. [More]
Report: Teen Retailer Aeropostale Prepping Bankruptcy Filing
By 4.21.16
The past few years haven’t exactly treated teen retailers well: DEB, Wet Seal, and dELiA*s (although it came back as an online-only store) are just a few of the brands that have filed for bankruptcy. Another once-popular teen-focused retailer is joining that list as Aeropostale is said to be prepping its own bankruptcy filing. [More]
