Charming Charlie Is Closing All 261 Stores!
Charming Charlie has filed for Chapter 11 bankruptcy Thursday with plans to close all of its 261 stores in 38 states.
These closings will affect over 3,000 employees nationwide. The stores are facing “unsustainable operating expenses, including onerous leases”. They have discontinued taking online orders. This filing marks the company’s second Chapter 11 case.
Charming Charlie closed about 100 stores during its previous bankruptcy, which ended in April 2018.
The Going Out of Business sales have already begun. Get some great deals on handbags, clothing and more during there Going Out Of Business Sale. All stores are to be closed by August 31, 2019.
Source: USA Today
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