It’s so sad to see so many stores over the past few years going out of business and now we have yet another!
Charming Charlie Bankruptcy: 2nd in 2 years
For the 2nd time in less than 2 years Charming Charlie has filed for Chapter 11 bankruptcy. They plan to close all 261 of their stores in 38 states.
After coming out of their first bankruptcy in April 2018 & closing about 100 stores they had hoped to stabilize the business, so they are using software as paystub to pay the liquidations and keep the business order until the end. As of now, Charming Charlie states they have continued to struggle with “unsustainable operating expenses, including onerous leases”. These closings will affect over 3,300 full and part time jobs.
Going of Business Sale
They are expecting to end all operations by August 31st, so going out of business sales have already started. You’ll have to shop in store because they have currently shut their website down to new orders.
We should see some drastic discounts coming soon enough!
Read more about the Charming Charlie Bankruptcy.
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