BusinessUSA

Charlotte Russe will close 20% of its stores, women’s clothing

A company selling fashion clothes Charlotte Russe filed for protection from bankruptcy and plans to close about 94 out of 500 of its stores. Once on the verge of bankruptcy, and sales network with headquarters in San Diego a year ago, announced the deal to revise some of its debt.

Due to the sharp fall of the sales network plans to liquidate stores if you can’t find a buyer for them by February 17.

Charlotte Russe sells women’s clothing in 49 States and Puerto Rico. The company employs more than 8, 7 thousand people.

The chief judge of the restructuring Brian Cashman said that in 2018 the sales of the company fell by 14% to $ 795,5 million Charlotte Russe was not able to restructure its merchandising strategy and marketing under demographic situation in the country to keep pace with rapidly changing fashion trends. Network has failed effectively to change strategy of interaction with customers in the online segment and social networks, as well as to rationalize the costs associated with the operations in stores, to release resources for the development of Internet Commerce.

Interest in the company showed 17 potential buyers, but no one made an offer.

Charlotte Russe hopes to raise its business, shifting the emphasis on the”fast fashion” and improving the customer experience through focusing on online content. The company also plans to reduce corporate expenses.

Here are the addresses of some stores that the company is going to close. For a complete list see here.

CA

Arvin: 5701 Outlets at Tejon Parkway

Culver City 6000 Sepulveda Boulevard

Daly City: Serramonte Center 288

Fairfield: 1350 Travis Boulevard

Irvine: 71 Fortune Drive

La Mesa: 5500 Grossmont Center

San Bernardino: 500 Inland Center Drive

San Jose: 925 Blossom Hill Road

Santa Ana: Main Place 2800 North

Valencia: 24201 West Valencia Boulevard

Westminster: Westminster Mall 2150 E

FL

Jacksonville: 4870 Big Island Drive

Port Richey: 9409 US Highway 19

Sarasota: 140 University Town Center Drive

West Palm Beach: 1721 Palm Beach Lakes Boulevard

New Jersey

Atlantic City: 122 Christopher Columbus Boulevard

East Brunswick: 755 State Road 18

Moorestown: 400 Route 38

NewYork

Glendale: 8000 Copper Ave.

Massapequa: 2135 Sunrise Mall

Nanuet: 66 Rockland Plaza Route 59

New Hartford: Route 5 & 5A

New York: 130 W. 34th Street

Niagara Falls: 1982 Military Road

Saratoga Springs 3065 Route 50

Victor: 672 EastView Mall

Yorktown Heights: 650 Lee Boulevard

South Carolina

Florence: 2701 David McLeod Boulevard

Myrtle Beach 2000 Coastal Grand Circle

North Charleston: 2150 Northwoods Boulevard

Texas

Cedar Hill 305 West FM

Fort Worth: 15853 N. Freeway

New Braunfels: 257 Creekside Crossing

Victoria: 7800 N. Navarro Street

Waco: 6001 West Waco Drive

Washington

Auburn: 1101 Outlet Collection Way

Network women’s clothing store Charlotte Russe — on the verge of bankruptcy updated: Feb 5, 2019 author: Daria Solovieva

Source:usa.one
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