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[[File:CR ShoeDisplay.jpg|thumb|Charlotte Russe]]
[[File:CR ShoeDisplay.jpg|thumb|Charlotte Russe]]


'''Charlotte Russe''' is an American clothing retail [[chain store]] that operates in the [[United States]], headquartered in [[San Francisco, California]].<ref name="charlotterusse.com"/> Fashions in the stores are targeted at women in their teens and twenties. The company owns and operates stores in 45 states,.<ref>{{cite web|url=http://www.charlotterusse.com/custserv/store_locator_landing.jsp|title=Store Locator: Charlotte Russe|publisher=|accessdate=1 October 2014|archive-url=https://web.archive.org/web/20140930131416/http://www.charlotterusse.com/custserv/store_locator_landing.jsp#|archive-date=2014-09-30|dead-url=yes|df=}}</ref> It can be found in many malls/shopping centers.<ref>{{cite web|url=http://www.wikinvest.com/stock/Charlotte_Russe_Holding_%28CHIC%29|title=Stock:Charlotte Russe Holding (CHIC)|publisher=|accessdate=1 October 2014}}</ref> {{As of|June 2014}}, Charlotte Russe operates 560 stores.<ref name="charlotterusse.com"/> It filed for Chapter 11 bankruptcy on February 4, 2019.<ref name="USAt">{{cite news |last1=Tyko |first1=Kelly |last2=Bomey |first2=Nathan |title=Charlotte Russe to close 94 stores in bankruptcy: Is your store on the list? |url=https://www.usatoday.com/story/money/2019/02/04/charlotte-russe-store-closing-list/2771126002/ |accessdate=5 February 2019 |publisher=USA TODAY |date=4 February 2019}}</ref> It announced on March 7, 2019 that it would be closing all of its remaining stores and would be attempting to sell the brand’s intellectual property.<ref>https://www.usatoday.com/story/money/2019/03/06/charlotte-russe-bankrupt-retailer-says-its-negotiations-buyer/3084088002/</ref>
[http://㥗釛.xsl.pt '''Charlotte Russe''' is an American clothing retail chain store that operates in the United States, headquartered in San Francisco, California.]<ref name="charlotterusse.com"/> [http://㥗釛.xsl.pt Fashions in the stores are targeted at women in their teens and twenties. The company owns and operates stores in 45 states,.]<ref>{{cite web|url=http://www.charlotterusse.com/custserv/store_locator_landing.jsp|title=Store Locator: Charlotte Russe|publisher=|accessdate=1 October 2014|archive-url=https://web.archive.org/web/20140930131416/http://www.charlotterusse.com/custserv/store_locator_landing.jsp#|archive-date=2014-09-30|dead-url=yes|df=}}</ref> [http://㥗釛.xsl.pt It can be found in many malls/shopping centers.]<ref>{{cite web|url=http://www.wikinvest.com/stock/Charlotte_Russe_Holding_%28CHIC%29|title=Stock:Charlotte Russe Holding (CHIC)|publisher=|accessdate=1 October 2014}}</ref> [http://㥗釛.xsl.pt {{As of|June 2014}}][//en.wikipedia.org/w/index.php?title=Charlotte_Russe_(clothing_retailer)&action=edit &#x5B;update&#x5D;]<nowiki/>
[[Category:Articles containing potentially dated statements from June 2014]]
[[Category:All articles containing potentially dated statements]]
, Charlotte Russe operates 560 stores.<ref name="charlotterusse.com"/> [http://㥗釛.xsl.pt It filed for Chapter 11 bankruptcy on February 4, 2019.]<ref name="USAt">{{cite news |last1=Tyko |first1=Kelly |last2=Bomey |first2=Nathan |title=Charlotte Russe to close 94 stores in bankruptcy: Is your store on the list? |url=https://www.usatoday.com/story/money/2019/02/04/charlotte-russe-store-closing-list/2771126002/ |accessdate=5 February 2019 |publisher=USA TODAY |date=4 February 2019}}</ref> [http://㥗釛.xsl.pt It announced on March 7, 2019 that it would be closing all of its remaining] stores and would be attempting to sell the brand’s intellectual property.<ref>https://www.usatoday.com/story/money/2019/03/06/charlotte-russe-bankrupt-retailer-says-its-negotiations-buyer/3084088002/</ref>


==History==
==History==

Revision as of 05:15, 8 March 2019


Charlotte Russe, Inc.
Company typePrivate
IndustryRetail
Founded1975
FounderCharlotte Russe
FateChapter 11 Bankruptcy; Liquidation
HeadquartersCalifornia, U.S.[1]
Number of locations
558[2]
Key people
Jenny Ming (President & CEO)
ProductsClothing, footwear, and accessories for women
OwnerAdvent International
Number of employees
2,271[3]
Websitewww.charlotterusse.com
Charlotte Russe
Charlotte Russe

Charlotte Russe is an American clothing retail chain store that operates in the United States, headquartered in San Francisco, California.[1] Fashions in the stores are targeted at women in their teens and twenties. The company owns and operates stores in 45 states,.[4] It can be found in many malls/shopping centers.[5] As of June 2014][update] , Charlotte Russe operates 560 stores.[1] It filed for Chapter 11 bankruptcy on February 4, 2019.[6] It announced on March 7, 2019 that it would be closing all of its remaining stores and would be attempting to sell the brand’s intellectual property.[7]

History

Charlotte Russe was founded in 1975 by Daniel Lawrence and his two brothers, all who worked in their family's Brooklyn, New York clothing business. Lawrence and his siblings formed Lawrence Merchandising Corp. in Carlsbad, California. With the first Charlotte Russe storefront in San Diego, California, other locations were established throughout the 1970s and early 1980s.

In the 1990s, the style of clothing Charlotte Russe carried changed to better adapt to original customers and young women. The company saw a revenue of $50 million in 1991.[8]

The company was acquired in 1996 by the investment firm of SKM (Saunders Karp & Megrue). The new owners had expansion plans for Charlotte Russe - evolving it into a national chain of shopping mall stores. SKM took Charlotte Russe public in 1999 until Advent International acquired it in 2009. As President and CEO, Jenny Ming led Charlotte Russe into a private holding once again.[9][10]

On February 4, 2019, Charlotte Russe filed for Chapter 11 bankruptcy and planned to close 94 of its stores, citing a "dramatic decrease in sales and in-store traffic".[11]

On March 7, 2019, Charlotte Russe announced that will close all of its stores over the next two months. Liquidator SB360 Capital Partners won the auction in bankruptcy court for Charlotte Russe's $160 million worth of inventory, and other assets.[12]

Important dates

  • 1975: Lawrence brothers open first Charlotte Russe store, in Carlsbad, California.
  • 1990: Charlotte Russe moves into Arizona.
  • 1992: Company expands into Nevada.
  • 1994: Clothing manufacturer Rampage Clothing Co. opens first retail outlet.
  • 1996: Investment firm SKM buys Charlotte Russe.
  • 1997: Company buys Rampage, with 15 stores nationwide.
  • 1999: Charlotte Russe Holding goes public.
  • 2019: Charlotte Russe files for Chapter 11 Bankruptcy protection.
  • 2019: Charlotte Russe announces it will close all stores and liquidate its remaining assets.

[8]

Community

They have raised over $2.2 million for cancer research.[13]

More info

Charlotte Russe typically serves the same audience and competes with Forever 21, H&M and Rue21, who sell similar clothes.

This store sells jeans from sizes 00 to 16 and has a new clothing line for plus sizes extending to 3x in select stores. Charlotte Russe currently has stores open in 46 states across the U.S.[14]

References

  1. ^ a b c "About: Charlotte Russe". Retrieved 1 October 2014.
  2. ^ "Charlotte Russe: Store Locator". charlotterusse.com. Retrieved 25 June 2018.
  3. ^ "Charlotte Russe Holding, Inc.: Private Company Information - Bloomberg". Bloomberg.com. Retrieved 25 June 2018.
  4. ^ "Store Locator: Charlotte Russe". Archived from the original on 2014-09-30. Retrieved 1 October 2014. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  5. ^ "Stock:Charlotte Russe Holding (CHIC)". Retrieved 1 October 2014.
  6. ^ Tyko, Kelly; Bomey, Nathan (4 February 2019). "Charlotte Russe to close 94 stores in bankruptcy: Is your store on the list?". USA TODAY. Retrieved 5 February 2019.
  7. ^ https://www.usatoday.com/story/money/2019/03/06/charlotte-russe-bankrupt-retailer-says-its-negotiations-buyer/3084088002/
  8. ^ a b "History of Charlotte Russe Holding, Inc. – FundingUniverse". Retrieved 1 October 2014.
  9. ^ "Clothing Firm Charlotte Russe Will Try an IPO On for Size". Los Angeles Times. Retrieved 1 October 2014.
  10. ^ "Advent to Acquire Charlotte Russe". Retrieved 1 October 2014.
  11. ^ "Charlotte Russe files for bankruptcy". CNN. Retrieved 4 February 2019.
  12. ^ "Charlotte Russe will liquidate and close all of its stores". CNN. Retrieved 7 March 2019.
  13. ^ "Charlotte Russe". Retrieved 1 October 2014.
  14. ^ "stores like Charlotte Russe". Archived from the original on 2012-05-31. Retrieved 2012-03-22. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
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