The Athens location of teen fashion retailer Rue 21 will be one of those targeted for closure, media outlets reported this week.

The privately held company is shuttering nearly 400 stores, leaving it more than 700 stores in 48 states.

The company is based in Cranberry, Pennsylvania, north of Pittsburgh.

In a Facebook post, it called the decision to close the stores “difficult but necessary.” Like many brick-and-mortar retailers, it has been battling declining mall traffic amid strong competition online.

The company didn’t say how soon the stores will close, though its website is promoting store-closing sales.

Various media outlets also reported the company would likely file for bankruptcy this month.

— The Associated Press contributed to this report.