Two months after coming out of bankruptcy, Rue21 Holdings Inc., the mall-centric teen apparel retailer, has won back the support of a group of key financiers who extend credit to its suppliers, WSJ Pro Bankruptcy reported. Still, the company’s shares are languishing at bottom-of-the-barrel levels in a sign of scant investor interest in taking a bet on the retailer ahead of the crucial holiday shopping season. The shift in attitude among so-called factors, which buy accounts receivables at a discount from suppliers with the expectation of getting full payment from retailers at a later date, comes at a crucial time for Rue21 as the holiday shopping season kicks off. Rue21 filed for bankruptcy in April after its suppliers refused to ship goods without substantial cash up front or quicker cash payments. The company emerged from bankruptcy on Sept. 22, 2017.
