Charlotte Russe Is Closing Its Brick and Mortar Stores
Charlotte Russe, like many mall-brand retailers, has been struggling for a while. In February, the company filed for bankruptcy and announced 100 store closures. Yesterday, Charlotte Russe announced that it is closing all 416 stores. The brand, which has a corporate office in San Francisco’s Mission District, has also ceased ecommerce sales.
As is typically the case when companies go out of business, there are going to be tons of deep discounts available for bargain shoppers. According to the Charlotte Russe website, the sale has already started and all sales are final. USA Today reports that the last day to redeem Charlotte Russe gift cards is Thursday, March 21. All stores are expected to close by April 30. While there aren’t any CR stores in San Francisco, you can shop the closing sale at the locations in Daly City (3 Serramonte Center) and San Bruno (1150 El Camino Real).
There is a bit of good news for die-hard fans: the brand is in the process of finding a buyer for its intellectual property, so it could be coming back in the future. We saw it happen before when Gildan bought and relaunched American Apparel, so there’s a chance Charlotte Russe will enjoy its own retail resurrection.