The company has more than 8,700 employees. The bankruptcy marks the latest in a series of similar cases among mall retailers that have been unable to identify a sustainable path amid declining foot traffic and intense digital competition.
It also controls Peek children's clothing stores. In its filing, the company said it had received a bankruptcy financing package worth up to $50 million to help it continue operating. The company founded in 1975 caters its items toward women's fashion and had more than 500 stores in 49 states and Puerto Rico. The chain also put itself up for sale and said if it didn't find a buyer it would liquidate.
The San Diego-based mall chain filed for Chapter 11 bankruptcy protection in early February and outlined plans to close 94 stores. Same type of clothing, but the store just seems 'young.' The big draw is the panty bin. I think of it as Forever 21s little sister. I always almost faint just walking by, without even stepping inside. and American Eagle Outfitters.Ĭharlotte Russe Holdings had been teetering on the edge of bankruptcy for some time, having announced a deal to renegotiate certain debts more than a year ago. 4 reviews of Charlotte Russe 'This store has a peculiar, teenage girl smell, as if 12 perfume bottles spilled and all mixed together in some kind of cosmic treat. SB360 Capital Partners, describes itself on its website as "one of the oldest, most experienced companies in the country conducting Store Closing and Going Out of Business Sales." It's an affiliate of the Schottenstein family, which also owns DSW Inc.
Mistaken identity: No, really, these stores aren't closing even though they share names with bankrupt chains Store closings 2019: Payless, Gymboree and Victoria's Secret are just some of the brands closing stores
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