A month ago Charlotte Russe announced that they would be closing all 512 of their stores nationwide. On Monday, April 8th the company announced that it has sold the brand to YM Inc, a Toronto-based clothing manufacturer, in late March. This sale has resulted in the reopening of stores and e-commerce. The Charlotte Russe Twitter account tweeted, “We are planning a brand new online shopping experience, as well as reopening 100 retail locations across the US. Watch out for more details coming soon!” Charlotte Russe filed for Chapter 11 bankruptcy protection back in February of 2019. When the company was unable to find a buyer it then decided it would liquidate. In its prime, Charlotte Russe had more than 500 stores in 49 states and Puerto Rico. Despite new management, the store confirmed it will be keeping its original name and logo.
Many people are not happy with the news, including all of the employees who are now unemployed following the product liquidation process and store closures. Twitter user @charlotterusee1 wrote, “Thousands of us lost our jobs, were left out of vital information throughout the entire process, read about our futures from magazines since no one updated us,” the tweet said. “What a slap in the face to the dedicated employees you cast aside.”
As of right now there is no set day to re-open or launch the new website but there will be more details soon. This situation really shows the changing landscape of retail all over the United States.
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