Business Insider/Mary Hanbury
- Charlotte Russe filed to liquidate its assets on Wednesday and said it would close its remaining 416 namesake stores and 10 Peek Kids stores.
- The mall-based retailer, which is primarily geared toward young women, previously filed for Chapter 11 bankruptcy protection in February and said at the time that it would close 94 stores.
- We visited its only store in Manhattan, which was part of the first wave of store closures. Here’s what we found.
The end is nigh for Charlotte Russe.
The mall-based retailer, which is primarily geared toward young women, filed to liquidate its assets on Wednesday and announced it would be closing all of its stores. It previously filed for bankruptcy protection in February and at the time said it would close 94 stores.
Read more: More than 5,300 stores are closing in 2019 as the retail apocalypse drags on — here’s the full list
We visited Charlotte Russe’s only Manhattan store on Thursday to see how the liquidation sales were unfolding. This store was part of the initial wave of store closures announced in February, so the sales were well underway.
A sales assistant could not confirm when the store would be shuttering for good. However, the company said in a bankruptcy court filing on Wednesday that liquidation sales at all its stores would run through April 30.
Here’s what we found:
Large signs in the window made it immediately obvious that the entire store was on sale.
Business Insider/Mary Hanbury
Clothing racks were marked with large signs informing customers of the 40% to 60% discounts.
Business Insider/Mary Hanbury
Signs saying "NOTHING HELD BACK" screamed out to customers.
Business Insider/Mary Hanbury
See the rest of the story at Business Insider
See Also:
- We went to JCPenney to see why sales are sinking — and it revealed why giant mall-based department stores are dying
- Charlotte Russe is closing all of its stores. We visited the retailer the day it filed it for bankruptcy and saw how it’s fallen behind its fast-fashion rivals.
- We visited Family Dollar, the store that analysts say is becoming Dollar Tree’s biggest problem. Here’s what we found.
SEE ALSO: Charlotte Russe is closing all its stores
Source: Business Insider – feedback@businessinsider.com (Mary Hanbury)