Charlotte Russe
In March 2019, CNBC reported that the women’s apparel company Charlotte Russe is liquidating and will cease operation in all of its stores. When it filed for bankruptcy protection in February 2019, it originally planned to close only 94 of its retail stores. That number quickly went up to 500 stores all over the United States. According to CNBC, the main reason for this huge leap was that a liquidator got the winning bid in the auction for it in bankruptcy court.
Charlotte Russe
Charlotte Russe stores were historically located in malls. As is commonly known, malls have experienced a huge decrease in foot traffic over the years. So, Charlotte Russe could be another victim of fewer people going to the malls, the ever-changing consumer interests, or both!
Claire’s
Many women have fond memories of Claire’s, especially in their formative years. It was their go-to place in any mall for girls’ jewelry and accessories. They even have their ears pierced there for the first time. However, this store which was first established in 1961, may not be part of the future young girls’ memory any longer as it had ceased its IPO.
Claire’s
CheatSheet reported that it might mean that a 2018 bankruptcy was imminent and it did happen. The company applied for Chapter 11 bankruptcy in March 2018 and planned to lessen its debt by $1.9 billion. By May 2018, it had shut down 130 stores. It now plans to sell itself to potential investors and buyers.
