Rue21 opens 700th store, on track to open 110 stores in fiscal 2011

Warrendale, Pa. -- Rue21 said Thursday it has opened its 700th store, located in New Braunfels, Texas.

The store is Rue21's 80th in the state. Year-to-date, the retailer has opened 63 stores and said it is on target to open 110 new stores and convert 35 existing stores to its larger etc! format in fiscal 2011.

Long-term growth strategy includes opening in strip centers, regional malls and outlet centers, and the New Braunfels location is Rue21's 360th strip center location.

“Our flexible real estate strategy gives us the ability to expand our customer base and open in a variety of new markets,” said Bob Fisch, president and CEO.

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