Womens apparel chain Charlotte Russe will close all of its remaining stores as it becomes the latest victim of the retail apocalypse.
The company says the shutdown of 416 locations will occur during the next two months. Going out of business sales will begin immediately in stores across 44 states and Puerto Rico.
Charlotte Russe had hoped to stay in business, filing for Chapter 11 bankruptcy last month and closed 94 locations. However, a liquidation firm called SB360 Capital Partners won the bankruptcy auction for its assets and inventory and decided to close the stores.
The company will accept gift cards through March 21, and all stores will be closed by the end…
Read the full article at: http://fortune.com/2019/03/07/charlotte-russe-closing-sale-liquidation/