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Charlotte Russe going out of business, closing all stores

ROCKFORD (WREX) — Fashion retailer Charlotte Russe is going out of business and closing all of its stores.

The store announced on their website that liquidation sales begin Thursday, March 7th. All sales will be final. The company also closed its online store.

According to USA TODAY, Charlotte Russe filed for Chapter 11 bankruptcy back in February and outlined plans to close 94 stores. In its filing, the company said it had received a bankruptcy financing package worth up to $50 million to help it continue operating.

Here’s what the company said in a statement to USA TODAY: “We are partnering with the buyer and remain in talks to sell the (intellectual property), are optimistic about the future of the brand, and remain in ongoing negotiations with a buyer who has expressed interest in a continued brick and mortar presence to continue to serve our loyal customers in the future.”

13 News reached out to CherryVale Mall for a statement, but have not heard back at this time.

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Andrew Carrigan

Andy Carrigan is the Social Media & Digital Content Manager at WREX. He joined the 13 WREX team as a photographer in 2016 after graduating from Northern Illinois University.

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