All area Charlotte Russe stores to close as company shuts down

Stores at Mayfair, Southridge and Regency malls added to earlier closure list

Charlotte Russe
Charlotte Russe

A month after filing for Chapter 11 bankruptcy protection, San Diego-based Charlotte Russe is going out of business.

The retailer on Thursday announced it will close the remaining 416 stores throughout 44 states and Puerto Rico, with liquidation sales beginning the same day. Its online store has also closed, according to a message posted on its website

This wave of closures includes Charlotte Russe locations at Mayfair Mall in Wauwatosa, Southridge Mall in Greendale and Regency Mall in Racine, joining locations at Bayshore Town Center in Glendale and at Brookfield Square, which were part of an earlier wave announced in February.

Gift cards for Charlotte Russe stores are valid until March 21, 2019.

Retail liquidation firm SB360 Capital Partners has purchased the company’s assets. Intellectual property and rights to its leases will be sold separately, according to the announcement.

Other struggling retail chains that have announced or executed local and national store closures in recent months include Payless ShoeSource and Shopko.

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Maredithe Meyer
Maredithe Meyer started as an intern reporter at BizTimes in summer 2015. She currently covers entertainment, sports, tourism and restaurants. In May 2017, she graduated with a journalism degree from Marquette University where she worked as an in-depth projects reporter for the Marquette Wire and Marquette Tribune.