One of the world’s most beloved store is filing bankruptcy! Charlotte Russe was the store that was known to have the hottest clothes out for teens/young adults. CNN Business claims that the trendy store has simply fell off the market with the fashion for teens/young adults, and that their market strategies failed to connect with millennials.
Charlotte Russe operates 500 stores around the states, and to say the trendy store is filing bankruptcy is a shock to the young world. It’s said that the clothing store is planning to shut down 94 stores. CNN Business stated that the company hopes that they emerged from bankruptcy with a new owner and a lighter balance sheet. The world awaits to see if Charlotte Russe, can make their major comeback.
By: Ry’n Good