Popular Women's Store Going Out of Business, Selling All Their Clothes at Deep Discount

consumer
March 07, 2019Mar 07, 2019

Charlotte Russe, a store aimed at young women, is closing all of their stores. The brand just filed for liquidation.

On Wednesday, a bankruptcy judge in a Delaware court approved the sale of all of Charlotte Russe's assets to a liquidation company, SB360 Capital Partners.

The court document said liquidation sales at the stores would begin on Thursday. They will run through April 30.

This isn't the first sign of trouble for the mall-based retailer. They filed for bankruptcy protection in February and said at the time that it would close 94 stores.

However, apparently, things were direr. Wednesday's filing said it would close the remaining 416 Charlotte Russe stores and 10 Peek Kids stores it operates.

A representative for Charlotte Russe did not immediately respond to Business Insider's request for comment.

This is just the latest in a stream of store closures. Family dollar announced they were going to close hundreds of their stores. A few days earlier, four other popular stores announced they were going to close over 400 locations.