Mom drives into Kalamazoo River with two kids inside car
Having trouble receiving FOX 17? Click here:

Charlotte Russe liquidation sale underway, with all stores closing

TAMPA, Fla. (FOX 13 – Nearly a month after Charlotte Russe filed for Chapter 11 bankruptcy, the retailer announced it will go out of business – effective immediately.

According to the Wall Street Journal, the business was unable to find a buyer ahead of a deadline set by lenders. On Wednesday evening, Charlotte Russe posted an online notice on its website, “Going out of business. Sale starts March 7. All stores. All sales final.”

Charlotte Russe operates in the contiguous 48 states, Hawaii, and Puerto Rico through their online store and mobile app, as well as over 500 brick-and-mortar stores located primarily in malls and outlet centers.

According to a press release from February 19, the retailer said, “In the event that a going-concern transaction is not selected as the highest or otherwise best bid following the conclusion of the auction, the company will facilitate an orderly wind-down of all of its store locations and operations beginning on or about March 7, 2019.”

In West Michigan, Charlotte Russe has stores in the Woodland Mall, RiverTown Crossings Mall and The Lakes Mall.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.