Charlotte Russe Closing All 500 Stores, Amazon Strikes Again

Amazon strikes again as yet another major retailer has fallen in the United States. Charlotte Russe is closing all remaining stores according to the Wall Street Journal.

Nearly a month after Charlotte Russe filed for Chapter 11 bankruptcy, the retailer announced it will go out of business – effective immediately.

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.

According to a press release from February 19, the retrailer said, “In the event that a going-concern transaction is not selected as the highest or otherwise best bid following the conclusion of the auction, the Company will facilitate an orderly wind-down of all of its store locations and operations beginning on or about March 7, 2019.”

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