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Charlotte Russe is closing all of its stores

Mar 7, 2019, 20:35 IST

Business Insider/Mary Hanbury

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  • Charlotte Russe has filed for liquidation and is closing all of its 416 namesake stores and 10 Peek Kids stores.
  • Sales at these stores will begin on March 7 and run through April 30.

Charlotte Russe has filed for liquidation and is closing all of its stores.

On Wednesday, a bankruptcy judge in Delaware court approved the sale of all of Charlotte Russe's assets to liquidation company SB360 Capital Partners LLC.

The court document stated that liquidation sales at its stores would begin on Thursday, March 7 and run through April 30.

A spokesperson for Charlotte Russe did not immediately respond to Business Insider's request for comment.

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Charlotte Russe filed for bankruptcy in February and announced it would be closing 94 stores at the time.

Read more: More than 4,900 stores are closing in 2019 as the retail apocalypse drags on - here's the full list

Later that month, the retailer said it was in talks with potential buyers. It also said it was preparing for the possibility of a liquidation and seeking court approval for a plan to close all of its remaining stores, Business Insider's Hayley Peterson reported.

The mall-based retailer, which is aimed at young female shoppers, currently operates 416 Charlotte Russe stores and 10 Peek Kids stores.

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