Business Insider/Mary Hanbury
- Fashion brand Charlotte Russe has filed for bankruptcy and is closing 94 stores imminently.
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The company has around 500 stores, most of which are located in malls.
- We visited its only Manhattan location, which is one of the stores that is slated to close.
Charlotte Russe filed for bankruptcy early Monday morning.
The mall-based retailer, which is aimed at young female shoppers, currently operates around 500 stores. 94 of those will close imminently.
Read more: Charlotte Russe plans to close 94 stores as it files for bankruptcy — here’s the full list
We visited Charlotte Russe’s only Manhattan location, which is one of its planned closures:
The store we visited was located in the busy Herald Square shopping area in New York City.
Business Insider/Mary Hanbury
This store is located on the same block as low-cost rivals H&M and Old Navy.
As we approached the store, it became apparent why the store is struggling: the clothing in the window felt uninspiring.
Business Insider/Mary Hanbury
While prices were cheap …
Business Insider/Mary Hanbury
See the rest of the story at Business Insider
See Also:
- Charlotte Russe plans to close 94 stores as it files for bankruptcy — here’s the full list
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Source: Business Insider