Charlotte Russe is closing all stores and going out of business

Charlotte Russe has announced it will close all 500 of its stores

Charlotte Russe has announced it will close all 500 of its stores

In a Wednesday court hearing in Wilmington, Delaware a judge approved the sale of Charlotte Russe's assets to SB360 Capital Partners LLC, a liquidation company.

Now all of Charlotte Russe's 500-plus stores nationwide will shutter, affecting 8,700 employees in 49 states and Puerto Rico.

FOX 13 - almost a month after Charlotte Russe filed for Chapter 11 bankruptcy, the retailer announced it will go out of business - effective immediately.

The retailer's website says "our online store has closed, going out of business, sale starts March 7, all stores, all sales final".

China to slash taxes, boost lending to shore up slowing economy
China's GDP growth slowed down to 6.6 percent past year , the slowest pace since 1990, but it fit within the official forecast. But he gave no details of how far that might extend for foreign competitors.

In February, the company announced their plans to close almost 100 of their more than 500 stores.

Last month, the retailer filed for bankruptcy and announced it was closing 94 stores including a store at the York Galleria Mall in Springettsbury Township. USA Today reports Charlotte Russe is in talks to sell and are optimistic about the future of the brand.

Charlotte Russe is closing more than 400 stores around the US, including at Gateway Mall in Lincoln.

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