Charlotte Russe

Clothing chain Charlotte Russe has filed for bankruptcy and will close 94 stores, including one in North Charleston. Provided

A national clothing store chain geared at young women will close nearly 100 stores, including one in the Charleston region and two others in South Carolina, after filing for bankruptcy protection.

San Diego-based teen and twenties retailer Charlotte Russe filed for reorganization this week and will shutter its Northwoods Mall store as well as others in Magnolia Mall in Florence and Coastal Grand Mall in Myrtle Beach.

In all, 94 stores will go dark.

Sales will begin Friday and continue through March 31.

We're starting a weekly newsletter about the business stories that are shaping Charleston and South Carolina. Get ahead with us - it's free.


The mall chain has been on the brink of bankruptcy since announcing a deal to renegotiate certain debts more than a year ago, according to USA Today.

The company, which also controls baby and children's brand Peek stores, has more than 500 shops in 49 states and Puerto Rico. In its filing, the company said it had received a bankruptcy financing package worth up to $50 million to help it continue operating.

The chain plans to completely liquidate if it can't find a buyer by Feb. 17, according to a court filing. The company has more than 8,700 employees.

Reach Warren L. Wise at 843-937-5524. Follow him on Twitter @warrenlancewise.