Teen fashion retailer rue21 plans to close all of its 540 stores after filing for Chapter 11 bankruptcy for the third time Thursday.

Why it matters: The move is the latest in a series of retailers closing all their locations, including The Body Shop and 99 Cents Only.

Driving the news: In court documents, rue21 said stores are "scheduled to close in the next 4 to 6 weeks."

• The company is also looking to sell its intellectual property.

Flashback: The brand filed for Chapter 11 in 2017 and closed around 400 of its nearly 1,200 stores.

• It also filed for bankruptcy in 2002.

Zoom out: Several other retailers have filed for bankruptcy this year — with 99 Cents Only Stores and The Body Shop also shuttering all U.S. locations, per Axios' retail bankruptcy tracker.

• Crafts retailer Joann also filed for bankruptcy in March, while mall-based clothing retailer Express filed in April — with both of them aiming to survive.

More from Axios:

• Dollar Tree to close nearly 1,000 Family Dollar stores
• Macy's stores closing plan is déjà vu from 2020
• CVS to close "dozens of pharmacies" inside Target stores