BREAKING NEWS

Charming Charlie is closing all of its stores

Per: CNN

Charming Charlie has fallen victim to the ongoing retail apocalypse. The women’s fashion accessory retailer has filed for bankruptcy for the second time in two years and announced Thursday it will close all of its stores. Charming Charlie has more than 260 stores in 38 states and employs more than 3,300 people. It was founded in 2004. Liquidation of its stores is expected to last nearly two months. Sales on its website have already stopped.

Charming Charlie is closing all of its stores.

At its peak, it had nearly 400 stores across the United States, Middle East and Canada.
This year, US retailers have already announced 6,000 store closures. That number exceeds last year’s total of 5,864 closure announcements, according to a recent report from Coresight Research. Thousands more store closings could be on the way in the coming years as online shopping replaces purchases at physical stores.
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