Charlotte Russe Begins Liquidation Sales As It Starts To Close All Stores

Charlotte Russe Begins Liquidation Sales As It Starts To Close All Stores

The clothing retailer - popular with teen girls - announced the closure on its website, stating the online store had closed and all physical standing stores would be shuttered.

Charlotte Russe has one store at Fresno's Fashion Fair mall and another at Visalia Mall. Charlotte Russe has since switched gears and is closing all locations.

Charlotte Russe is holding "going out of business" sales as the bankrupt women's apparel seller prepares to close more than 400 stores around the U.S.

USA Today reports that the company filed for Chapter 11 bankruptcy protection in early February.

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Charlotte Russe has six stores in Louisiana. A DE bankruptcy court approved the closure plan on Wednesday.

The company maintains 500 stores across the nation, according to the website's store locator, but within the couple months, they will have to liquidate as much product as possible as they work to close all locations. It also owned 10 children's clothing stores under the Peek brand, which it acquired in 2016.

Charlotte Russe was founded in San Diego in 1975. Most of the company's employees won't be as fortunate, because severance payments are rarely paid in USA bankruptcy cases.

Charlotte Russe is going out of business.

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