Charlotte Russe closing all stores; liquidation sales start Thursday

A shopper holds a Charlotte Russe bag while walking in a mall in Salem N.H. in 2018

A shopper holds a Charlotte Russe bag while walking in a mall in Salem N.H. in 2018

USA Today reports the company had been facing bankruptcy for more than a year, initially announcing plans to renegotiate certain debts in hopes of a turnaround.

The Charlotte Russe location at both Premium Outlets and Patrick Henry Mall did not have any contact information for their corporate office. It also said liquidation sales would start March 7.

Charlotte Russe's online selling operation has halted. The women's clothing company joins a growing group of retailers that couldn't survive bankruptcy.

More than a dozen Charlotte Russe stores dot New Jersey, with locations in popular malls such as The Mills at Jersey Gardens, Newport Centre and Paramus Park.

Charlotte Russe first opened in San Diego, California in 1975.

In early February, the clothing retailer announced it voluntarily filed for Chapter 11 bankruptcy. It had stores in every U.S. state except Alaska at the time of its bankruptcy filing. It was acquired in 2009 by private equity firm Advent International for $380 million.

Going-out-of-business sales started Thursday at the stores. Among the other stores are Toys R Us, Barnes & Noble, Macy's and Sears.

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