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Charlotte Russe to close near 100 stores

The fashion retailer filed for Chapter 11 bankruptcy and will close 94 stores including the one in Sangertown Square mall.

Posted: Feb. 9, 2019 10:11 AM

Fashion retailer Charlotte Russe filed for Chapter 11 bankruptcy protection just under a week ago and outlined  a plan including closing 94 of its stores and putting itself up for sale.

The company has more than 500 locations, including those under the Peek Kids brand, operating across the country. Many of those stores are within shopping malls.

Charlotte Russe said that "in the near term" it will provide additional information about the timing of closing sales and closing dates. The Charlotte Russe store in Sangertown Square Mall is among the list of stores to close.

According to a court filing, the chain plans to completely liquidate if it can't find a buyer by Feb. 17.

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