Charlotte Russe announced on Monday that the clothing & accesories store has filed for bankruptcy and will close 94 stores.
The company stated it has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on February 3, 2019.
Charlotte Russe intends to use these proceedings to facilitate an orderly wind-down of a group of approximately 94 of its store locations while continuing to pursue a going-concern sale of the business and assets.
Charlotte Russe and Peek stores and online platforms are currently open and continuing to serve customers. The Company will provide more details about the plans for the closing locations of Charlotte Russe and Peek and their store closing sales in the near term.
Charlotte Russe is a fashion brand for young women, offering on-trend apparel, shoes, and accessories for all sizes. Charlotte Russe operates in the contiguous 48 states, Hawaii and Puerto Rico through their online store and mobile app, as well as over 500 brick-and-mortar stores located primarily in malls and outlet centers. In 2016, the Company expanded to include Peek Kids, operating 10 stores and an ecommerce site. For more information, please visit http://www.CharlotteRusse.com and on Instagram @CharlotteRusse and @Peekkids.
There is one Charlotte Russe store location in Rutherford County at 1720 Old Fort Pkwy, Murfreesboro in Stones River Town Centre.