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Charming Charlie closes all the shops after bankruptcy proceedings



Charming Charlie plans to close all of her 261 stores in 38 states after filing for Chapter 11 bankruptcy on Thursday, USA Today reports.

It is the second time the retailer has filed for bankruptcy, and it closed 100 stores during its previous bankruptcy, which ended in April 2018.

USA Today, the company reports in court that it is facing "unsustainable operating costs, including heavy leases. "

Going out of business sales has started, and the dealer expects all stores to be closed by August 31, according to the applications.

Read more here.



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