Search
News You Can Use

Charlotte Russe to close 94 stores, files Chapter 11 bankruptcy

SHARE THIS STORY

By: Natalie Dreier, Cox Media Group National Content Desk

Women’s clothing retailer Charlotte Russe will close 94 stores after filing for Chapter 11 bankruptcy.

The company filed paperwork in court Monday to start the process, saying Charlotte Russe “suffered from a dramatic decrease in sales and in-store traffic” and struggled with “the burden of maintaining a large brick-and-mortar presence,” CNN reported.

Company officials are looking for a new owner to operate 400 Charlotte Russe, Peek children’s stores and the company’s website, according to CNN.

Officials said poor sales and debt hurt the company.

The company was last purchased in 2009 by an equity firm in a $380 million cash for stock deal. It also slashed its debt amount from $214 million to $90 million in 2018. But sales also fell from $928 million in 2017 to $795 million in 2018, CNN reported.

USA Today reported the following stores will be closed:

Alabama

Florence: 301 Cox Creek Parkway

California

Arvin: 5701 OUtlets at Tejon Parkway

Culver City: 6000 Sepulveda Blvd.

Daly City: 288 Serramonte Center

Fairfield: 1350 Travis Blvd.

Irvine: 71 Fortune Drive

La Mesa: 5500 Grossmont Center

San Bernardino: 500 Inland Center Drive

San Jose: 925 Blossom Hill Road

Santa Ana: 2800 North Main Place

Valencia: 24201 West Valencia Blvd.

Westminster: 2150 E Westminster Mall

Colorado

Grand Junction: 2424 U.S. Highway 6

Pueblo: 3429 Dillon Drive

Connecticut

Meriden: 470 Lewis Ave.

Milford: 1207 Boston Post Road

Ledyard: 455 Trolley Line Blvd.

Florida

Jacksonville: 4870 Big Island Drive

Port Richey: 9409 US Highway 19

Sarasota: 140 University Town Center Drive

West Palm Beach: 1721 Palm Beach Lakes Blvd.

Georgia

Commerce: 800 Steven B. Tanger Blvd.

Douglasville: 1440 Doublas Blvd.

Pooler: 200 Tanger Outlet Blvd.

Hawaii

Aiea: 98-1005 Moanalua Road

Kahului: 275 W. Kaahumanu Ave.

Kaneohe: 46-056 Kamehameha Highway

Illinois

Algonquin: 1952 S. Randall Road

Joliet: 3340 Mall Loop Drive

Lincolnwood: 3333 West Touhy Ave.

Lombard: 203 Yorktown

Peoria: 220 W. War Memorial Drive

Skokie: 4999 Old Orchard Center

Indiana

Hobart: 2063 Southlake Mall

West Des Moines: 1551 Valley West Drive

Kentucky

Ashland: 500 Winchester Ave.

Louisiana

New Orleans: 500 Port of New Orleans Place

Slidell: 760 Town Center Parkway

Maryland

Annapolis: 2550 Annapolis Mall

Bel Air: 696 Bel Air Road

Frederick: 5500 Buckeystown Pike

Gaithersburg: 701 Russell Ave.

Hagerstown: 17301 Valley Mall Road

Ocean City: 12741 Ocean Gateway

Massachusetts

Cambridge: 100 Cambridgeside Place

Kingston: 101 Independence Mall Way

Michigan

Dearborn: 18900 Michigan Ave.

Howell: 1475 North Burkhart Road

Okemos: 1982 W. Grand River Ave.

Saginaw: 4667 Fashion Square Mall

Minnesota

Bloomington: 141 East Broadway

Burnsville: 1178 Burnsville Center

Missouri

Kansas City: 7260 NW 86th Place

Lee’s Summit: 880 Nw Blue Parkway

St. Louis: 85 South County Centerway

New Jersey

Atlantic City: 122 Christopher Columbus Blvd.

East Brunswick: 755 State Road 18

Moorestown: 400 Route 38

New York

Glendale: 8000 Cooper Ave.

Massapequa: 2135 Sunrise Mall

Nanuet: 66 Rockland Plaza Route 59

New Hartford: Route 5 & 5A

New York: 130 W. 34th St.

Niagara Falls: 1982 Military Road

Saratoga Springs: 3065 Route 50

Victor: 627 EastView Mall

Yorktown Heights: 650 Lee Blvd.

North Carolina

Gastonia: 246 New Hope Road

Ohio

Cincinnati: 7100 Row

Mentor: 7850 Mentor Ave.

Toledo: 5001 Monroe St.

Oregon

Eugene: 293 Valley River Center

Pennsylvania

Altoona: Route 220 & Goods Lane

Pittsburgh: 100 Robinson Centre Drive

Willow Grove: 2500 Moreland Road

York: 2899 Whiteford Road

South Carolina

Florence: 2701 David McLeod Blvd.

Myrtle Beach: 2000 Coastal Grand Circle

North Charleston: 2150 Northwoods Blvd.

Tennessee

Chattanooga: 2100 Hamilton Place Blvd.

Johnson City: 2011 N. Roan St.

Texas

Cedar Hill: 305 West FM

Fort Worth: 15852 N. Freeway

New Braunfels: 257 Creekside Crossing

Victoria: 7800 N. Navarro St.

Waco: 6001 West Waco Drive

Virginia

Dulles: 21100 Dulles Town Circle

McLean: 7860 Tysons Corner Center

Springfield: 6767 Springfield Mall

Washington

Auburn: 1101 Outlet Collection Way

West Virginia

Morgantown: 9500 Mall Road

Wisconsin

Brookfield: 95 N. Moorland Road

Glendale: 5800 N. Bayshore Drive

Madison: 375 East Towne Mall

Share on Facebook
Share on Twitter
Share
Share