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The History Of Rue 21

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Kimberly Memije

on 16 September 2012

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Transcript of The History Of Rue 21

The History Of Rue 21!! Rue is a french term meaning "street" and the 21 is the age everyone wants to be. Rue 21 was first marketed in November 2009 to the public. It is led by the president and CEO Robert Fisch and Saunders Karp & Megrue that is mainly the stakeholder. At the time there were about 250 stores and were between $180 and $200 million annually. Rue 21 was found in October 1976. In 2009 there were about 1800 employers in about 250 stores. It was formally known as Pennsylvania Fashions and is headquartered in Warrendale, Pennsylvania and is a discount retailer of young men and women’s casual apparel and accessories. As of today there is about 834 stores all over the united states. Rue 21 is an apparel store for both young men and women and they sells jeans,graphic shirts, t-shirts,perfume,jewlery and many more .The revenue that this store has in 2012 is 760.30M.Some of the competitors that this store has are walmart, aeropostale, jcpenny, target, and kohls. Second Quarter Fiscal Year 2012 financial results
(Current Event)
During the second quarter of fiscal 2012 the company repurchased 496,000 shares for 12.9 million. In 2012 Rue 21 purposed to open 120 stores. The stores that are open are achieving profits.

21% increase in net income
(Current Event)
The 21% increase ended on april 28 2012 and increased. Rue 21 has a multiple years of strong growth. Net sales also increased 18.9% to 205.6 million from 172.9 million. Rue 21 is the best apparel store that anyone can shop at. it has everything that everyone would like to have and it has a lot of fashionable clothes that everyone would love and it is not pricey. At rue 21 anyone could buy nice clothing and it is affordable and you can still have money left over. So i encourage you to go to rue 21 because its awesome. The 3 monthly chart of the sales of 2012. References

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