TAMPA, Fla. (WFLA) – Charming Charlie plans to close all 261 of its stores after filing for bankruptcy for the second time in less than two years, Bloomberg reported.
The fashion accessory retailer, which employs more than 3,000 people, filed for Chapter 11 protection in Delaware.
When Charming Charlie filed for bankruptcy the first time, CFO Alvaro E. Bellon said in a court filing said that the company “continued to face challenges that make it impossible for Charming Charlie to continue as a going concern.”
Alvaro also said malls are less busy than they used to be and that low-performing stores were only open due to lease agreements.
According to Bloomberg, the chain expects the liquidation process to take about two months.
Charming Charlie was founded in Houston in 2004.
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