Charlotte Russe files for bankruptcy, announces store closings

February 4, 2019

by Daphne Sorenson

Women’s fashion retailer Charlotte Russe has joined the growing list of financially troubled retailers that are closing stores after filing for bankruptcy. On February 4, 2019, Charlotte Russe announced plans to close 94 of its approximately 500 stores in a Chapter 11 bankruptcy filing, according to Business Insider. The company is hoping to finder a buyer before February 17, 2019.* If no buyer is found, Charlotte Russe, which also owns children’s retailer Peek Kids, will likely liquidate all of its assets and close all its remaining stores. Business Insider reports that Charlotte Russe has received $50 million in debt relief to keep operating during its bankruptcy transition. At the time of the bankruptcy filing, Charlotte Russe had more than 8,700 employees.

Here is the list of the first 94 Charlotte Russe stores that are closing because of the bankruptcy:

Alabama

Florence: Florence Mall, 301 Cox Creek Parkway

California

Arvin: 5701 Outlets at Tejon Parkway

Culver City: Westfield Culver City, 6000 Sepulveda Boulevard

Daly City: 288 Serramonte Center

Fairfield: 1350 Travis Boulevard

Irvine: 71 Fortune Drive

La Mesa: Grossmont Center, 5500 Grossmont Center

San Bernardino: 500 Inland Center Drive

San Jose: Westfield Oakridge, 925 Blossom Hill Road

Santa Ana: MainPlace Mall, 2800 North Main Place

Valencia: Westfield Valencia Town Center, 24201 West Valencia Blvd.

Westminster: Westminster Mall, 2150 East Westminster Mall

Colorado

Grand Junction: Mesa Mall, 2424 US Highway 6

Pueblo: Pueblo Mall, 3429 Dillon Drive

Connecticut

Meriden: Westfield Meriden Mall, 470 Lewis Avenue

Milford: Connecticut Post Mall, 1201 Boston Post Road

Ledyard: 4anger Outlets Foxwoods, 455 Trolley Line Boulevard

Florida

Jacksonville: Markets at Town Center, 4870 Big Island Drive

Port Richey: Gulf View Square, 9409 US Highway 19

Sarasota: The Mall at University Town Center, 140 University Town Center Drive

West Palm Beach: Palm Beach Outlets, 1721 Palm Beach Lakes Boulevard

Georgia

Commerce: Tanger Outlets Commerce, 800 Steven B. Tanger Boulevard

Douglasville: Arbor Place, 1440 Douglas Boulevard

Pooler: Tanger Outlets Savannah, 200 Tanger Outlet Boulevard

Hawaii

Aiea: Pearlridge Center, 98-1005 Moanalua Road

Kahlului: Queen Ka’ahumanu Center, 275 West Kaahumanu Avenue

Kaneohe: Windward Mall, 46-056 Kamehameha Highway

Illinois

Algonquin: 1952 South Randall Road

Joliet: Louis Joliet Mall, 3340 Mall Loop Drive

Lincolnwood: 3333 West Touhy Avenue

Lombard: Yorktown Shopping Center, 203 Yorktown

Peoria: Northwoods Mall, 2200 W. War Memorial Drive

Skokie: 4999 Old Orchard Center

Indiana

Hobart: Southlake Mall, 2063 Southlake Mall

Iowa

West Des Moines: Valley West Mall, 1551 Valley West Drive

Kentucky

Ashland: 500 Winchester Avenue

Louisiana

New Orleans: Outlet Collection at Riverwalk, 500 Port of New Orleans Place

Slidell: Fremaux Town Center, 760 Town Center Parkway

Maryland

Annapolis: Annapolis Mall, 2550 Annapolis Mall

Bel Air: Harford, 696 Bel Air Road

Frederick: 5500 Buckeystown Pike

Gaithersburg: Lakeforest Mall, 701 Russell Avenue

Hagerstown: Valley Mall, 17301 Valley Mall Road

Ocean City: 12741 Ocean Gateway

Massachusetts

Cambridge: CambridgeSide Galleria, 100 Cambridgeside Place

Kingston: Kingston Collection, 101 Independence Mall Way

Michigan

Dearborn: Fairlane Town Center, 18900 Michigan Avenue

Howell: Tanger Outlets Howell, 1475 North Burkhart Road

Okemos: Meridian Mall, 1982 W. Grand Rive Avenue

Saginaw: Fashion Square Mall, 4667 Fashion Square Mall

Minnesota

Bloomington: Mall of America, 141 East Broadway

Burnsville: 1178 Burnsville Center

Missouri

Kansas City: Zona Rosa, South County Center, 7260 NW 86th Place

Lee’s Summit: Summit Fair, 880 NW Blue Parkway

St. Louis: South County Center, 85 South County Centerway

New Jersey

Atlantic City: Tanger Outlets Atlantic City, 122 Christopher Columbus Boulevard

East Brunswick: Brunswick Square, 755 State Road 18

Moorestown: Moorestown Mall, 400 Route 38

New York

Glendale: 8000 Copper Ave.

Massapequa: Sunrise Mall, 2135 Sunrise Mall

Nanuet: 66 Rockland Plaza Route 59

New Hartford: Sangertown, Route 5 & 5A

New York: 130 W. 34th Street

Niagara Falls: 1982 Military Road

Saratoga Springs: 3065 Route 50

Victor: Eastview Mall, 672 EastView Mall

Yorktown Heights: Jefferson Valley Mall, 650 Lee Boulevard

North Carolina

Gastonia: 246 New Hope Road

Ohio

Liberty Township: Liberty Center, 7100 Foundry Row

Mentor:  Great Lakes Mall, 7850 Mentor Avenue

Toledo: Franklin Park, 5001 Monroe Street

Oregon

Eugene: Valley River Center, 293 Valley River Center

Pennsylvania

Altoona: Logan Valley Mall, Route 220 & Goods Lane

Pittsburgh: Mall at Robinson, 100 Robinson Centre Drive

Willow Grove: Willow Grove Park Mall, 2500 Moreland Road

York: York Galleria, 2899 Whiteford Road

South Carolina

Florence: Magnolia Mall, 2701 David McLeod Boulevard

Myrtle Beach: Coastal Grand Mall, 2000 Coastal Grand Circle

North Charleston: Northwoods Mall, 2150 Northwoods Boulevard

Tennessee

Chattanooga: 2100 Hamilton Place Boulevard

Johnson City: 2011 North Roan Street

Texas

Cedar Hill: Hillside Village, 305 West FM

Fort Worth: 15853 North Freeway

New Braunfels: New Braunfels Town Center at Creekside, 257 Creekside Crossing

Victoria: Victoria Mall, 7800 North Navarro Street

Waco: Richland Mall, 6001 West Waco Drive

Virginia

Dulles: 21100 Dulles Town Circle

McLean: 7860 Tyson’s Corner Center

Springfield: 6767 Springfield Mall

Washington

Auburn: Outlet Collection Seattle, 1101 Outlet Collection Way

West Virginia

Morgantown: Morgantown Mall, 9500 Mall Road

Wisconsin

Brookfield: Brookfield Square, 95 North Moorland Road

Glendale: Bayshore Town Center, 5800 North Bayshore Drive

Madison: East Towne Mall, 375 East Towne Mall

 

*June 5, 2019 UPDATE: Charlotte Russe has found a new buyer and has issued this press release:

YM Inc., new owner of Charlotte Russe, is pleased to announce that it is re-launching Charlotte Russe retail outlets across the U.S., with five of 100 planned locations opening their doors today.

“We are thrilled to be bringing Charlotte Russe retail outlets back for customers who love the brand’s affordable on-trend fashions,” said Eric Grundy, CEO of YM Inc. “We are excited to be back and hiring.”

YM, which operates more than 560 stores across North America, purchased the Charlotte Russe brand in March when its parent company filed for bankruptcy.

“The brand is a great fit for our growth strategy and our mission to exceed customer expectations by delivering fast fashion at amazing value,” Grundy added.

Opening today are retail locations in Southland Center in Michigan, Cumberland Mall in Georgia, Willowbrook Mall in New Jersey, Park City Center in Pennsylvania and Monmouth Mall in New Jersey. Customers can also shop Charlotte Russe’s online store, www.charlotterusse.com, which re-launched June 3, 2019.

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