Charlotte Russe closes all the shops, and liquidation sales begin on Thursday.
According to court documents, store settlement sales "begin by March 7" and end "by April 30", USA Today reports.
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The company filed for bankruptcy protection last month and hopes to find a buyer to save the business. USA Today reports Charlotte Russe in negotiations to sell and is optimistic about the future of the brand.
The company said in a statement to USA Today: "We cooperate with the buyer and remain in negotiations to sell (intellectual property) are optimistic for the future of the brand and remain in ongoing negotiations with a buyer who has expressed interest in continued bricks and mortar to continue serving our loyal customers in the future. "
The company has more than 500 stores in the United States with more than 8,700 employees.
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