What's next for the Grand Chute Rue21 following the company's bankruptcy filing | The Buzz

GRAND CHUTE - Rue21 has filed for bankruptcy for a third time, resulting in the closure of all its stores, including the one located in Fox River Mall, 4301 W. Wisconsin Ave.

Earlier this month, Reuters reported that the clothing retailer, targeted for teens and young adults, filed for Chapter 11 bankruptcy, seeking to shut down all 540 of its locations and sell its properties.

It previously filed for bankruptcy in both 2003 and 2017. The 2017 bankruptcy resulted in about 400 locations closing, allowing the retailer to cut down $700 million of its debt.

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At its peak, Rue21 had around 1,000 stores across the U.S. according to Reuters.

It currently has about 4,900 employees and is $194.4 million in debt.

The Fox River Mall's location is set to close by May 30 and is currently having a 50% off the entire store closing sale.

The Fox River Mall declined to comment on the closure of the store.

Reach Jelissa Burns at 920-453-5107 or jburns1@gannett.com. Follow her on X (Twitter) at @burns_jelissa or on Instagram at burns_jelissa.

This article originally appeared on Appleton Post-Crescent: Rue21 in Fox River Mall amid all 540 locations to close following bankruptcy