Tuesday, November 5, 2024
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rue21

Newspeopleretailers

rue21 Appoints New EVP, Chief Customer Officer

by Katie Lee

Pittsburgh — Leading fashion destination rue21 welcomes Karlyn Mattson as the new executive vice president, chief customer officer. She has over 25 years of experience at global retailers including Target, Amazon, Macy’s and, most recently, GNC. At rue21, Mattson will help bolster the brand’s ethos, bringing a personalized approach to understanding, meeting and exceeding shoppers’ needs. “Karlyn’s industry leadership and dedication to customer needs is perfectly aligned with our mission at rue21,” says Josh Burris, president and CEO of rue21. “Her unique background will be invaluable as we continue to …

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Newspeopleretailers

rue21 Appoints Chief Executive Officer

by Katie Lee

Warrendale, Pa. — rue21, a leading American specialty retailer, has named Josh Burris as its chief executive officer and member of the board. Burris replaces Bill Brand, who announced in March 2023 his intention to step down as CEO. “I’m honored to be joining rue21 as CEO,” says Burris. “As a brand, rue21 serves the most vibrant and fastest-growing segments focused on affordable fashion that’s accessible to all, making it well positioned for growth. I’ve dedicated my career to building retail brands centered around the consumer and am excited to …

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Newsretailers

rue21 Restructures Debt & Extends Capital, With Plans to Open 15 New Stores

by Katie Lee

Warrendale, Pa. — A new deal with Bank of America, N.A. and Tiger Finance has allowed specialty retailer rue21 (r21 Holdings, Inc.) to strengthen its financial position and enabled it to refinance its existing term loan, increase available liquidity and lower its cost of capital. rue21 amended its asset-based credit facility to increase availability to $155 million due 2025 led by Bank of America, N.A. The new capital structure will allow it to accelerate strategic growth initiatives, including omni-channel enhancements to create more engaging customer experiences. “Today is an exciting …

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Newspeopleretailers

rue21, inc. Appoints Interim CEO

by Katie Lee

Warrendale, Pa. — rue21, inc., a leading specialty apparel retailer, has appointed CFO Keith McDonough as interim chief executive officer, succeeding Bob Fisch. McDonough will serve in this interim role as the board of directors conducts a search for a new CEO. McDonough, who has served as the CFO of rue21 for 13 years, has more than three decades of senior leadership experience in the retail industry. 

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