The teen clothing store, Rue21 may be the latest retailer to file bankruptcy. According to Bloomberg, the company is preparing to do it as soon as this month.

There are over 1,000 Rue21 stores across the county, one in West Fargo off 13th Avenue. We reached out to Rue21 to see if they are planning to close any stores, we havent heard back yet.

Recently, a number of stores have been in the news for either filing bankruptcy or closing locations. Macy’s, JC Penney, Sears, Gordman’s, Wet Seal, The Limited, and more.

Vanessa Stumpf of Bismarck says, I feel like those are really well established businesses, they are really well known names, and I think its sad they are all closing.

Its a sign of the times, according to the President of the North Dakota Retail Association. He says more store front are closing because more people are shopping online, and less people in the area are spending money in general. Adding that its reaching a crisis point, not only are retailers losing out on sales, but states are losing out on the taxes.

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