Rue21 Opening 100 Stores

Sure, it won’t make up for the vacancies left behind by Circuit City and Linens ‘n Things, but some retailers out there are sizably expanding. The latest is value teen apparel chain Rue21, which plans to open 100 new stores this year.

The retailer, which went public late last year, currently operates 535 units in strip centers, mostly in secondary markets where this kind of expansion is probably needed.

The announcement comes as Rue21 reported very strong fourth-quarter results. The retailer’s same-store sales rose 8.6%, and net income hit $7.7 million, up from $4.6 million during the same year-ago period.

Do expansions by retailers like Rue21 take some pressure off of landlords, or are there just too many retailers like Movie Gallery and Blockbuster closing their doors out there for it to make a difference?

ALSO: Why Men’s Wearhouse Is Dressing Down

Advertisements

2 Responses to “Rue21 Opening 100 Stores”


  1. 1 ADropInTheSand March 22, 2010 at 7:32 pm

    Call in the Cavalry! Rue 21 to the rescue. Worry not into the wee hours oh ye Landlords of late! Here comes Rue 21!!!!!!!!!!!!!! Nevermind the Lender calling in your loans in 2010, 2011, 2012, 2013….. valuations will not drop….. Just extend and blend! Better yet, a Big Brother Bailout will save us one and all!!!!!


  1. 1 Eight Eleven | Headline Roundup: Time For Growth Trackback on March 19, 2010 at 7:24 am

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Subscribe
Bookmark and Share

Archives

March 2010
S M T W T F S
« Feb   Apr »
 123456
78910111213
14151617181920
21222324252627
28293031  

Ian Ritter on Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

RSS GlobeSt.com’s Top Stories

  • An error has occurred; the feed is probably down. Try again later.

%d bloggers like this: