The year has been off to a rough start for all retail. Store closings 2019: Payless, Gymboree and Victoria's Secret are just some of the brands closing storesīed Bath & Beyond closings: Retailer plans to shutter at least 40 stores this year but open 15 new locations The company, founded in 1975, caters its items toward women's fashion and had more than 500 stores in 49 states and Puerto Rico. After not finding a buyer, it announced 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. "This acquisition marries a beloved brand with a sophisticated retail platform and provides Charlotte Russe a path to grow in the future," said Dayna Quanbeck, interim CEO of Charlotte Russe, in the release. purchased the Charlotte Russe brand and intellectual property in late March, according to a news release. Toronto-based clothing manufacturer YM Inc. Watch out for more details coming soon!," the Charlotte Russe Twitter account tweeted Thursday.
"We are planning a brand new online shopping experience, as well as re-opening 100 retail locations across the US.
Less than two weeks after hundreds of Charlotte Russe stores were shuttered, the fast-fashion retailer's website and social media accounts are promoting a comeback. Watch Video: Charlotte Russe is closing all of its stores, but is that the end of the women's fashion chain?
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