Popular Retailer Charming Charlie Shutting Down All 261 Stores Nationwide

consumer
July 11, 2019Jul 11, 2019

Shoppers around the country have learned some disappointing news on Thursday. Charming Charlie, a popular women’s clothing store, is officially closing their doors.

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According to Fox News, they had to file for bankruptcy for the second time. Now, Charming Charlie will be closing all of their 261 locations around the nation.

The online sales were stopped on Thursday just before their announcement. The Houston-based company confirmed that they were in the process of shutting down all of their brick-and-mortar locations.

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According to court documents, the company has almost $82 million in debt. At the time of their announcement, they have 261 stores, with 75 of them being in Texas, Florida, and California alone. The company has 856 full-time employees and 3,300 total employees.

Charming Charlie originally filed for bankruptcy at the end of 2017. At the time, they decided to restructure their company and as a result closed 100 of their stores.

https://twitter.com/malibudream/status/1149455079826743297

Chief Financial Officer Alvaro E. Bellon said, “These efforts simply were not sufficient to stabilize the Debtors’ businesses and ensure long-term profitability.”

Court documents claimed that the company only had $6,000 in cash at the time of their first filing.

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Now, after two years of attempted restructure, the clothing company is officially shutting down.

What do you think about this announcement? Did you ever shop at Charming Charlie's? Let us know if this will affect you! In other recent news, Willy Wonka actress Denise Nickerson just passed away and fans are remembering her famous scenes. Please keep her family in your prayers.

Next: Willy Wonka Actress Denise Nickerson Dies at 62, Leaves Behind Mourning FamilyJul 11, 2019