Clothing Store To Permanently Close In Moorestown

MOORESTOWN, NJ — A teen-fashion retailer plans to shutter all of its stores, including Moorestown's, according to recent bankruptcy filings from rue21.

Rue21, a mainstay in malls for several decades, filed for Chapter 11 bankruptcy protection on Thursday — its third bankruptcy roughly two decades. The retailer has 540 stores across the nation, including one in Moorestown Mall.

Each location plans to complete liquidation sales within the next three to six weeks, reports Bloomberg.

The retailer was founded in 1970 as Pennsylvania Fashions. After filing for bankruptcy in February 2002, the company re-emerged one year later as rue21.

In 2017, the company declared bankruptcy once again and closed about 400 stores.