Charlotte Russe to Liquidate and close all stores

[⠀X ⠀]

Y'all ever hear of luxury brands closing stores like that? I still see Prada, LV and Gucci stores everywhere. It's these cheap and midrange clothing stores that are shutting down.

If you're in business, you need to be serving the high end clientele.

 

[Uitomy]

Each passing day I see a thread about a store going belly up. I always think about those jobs evaporating, even though these aren't careers or good jobs they do provide a paycheck. The gap between the haves and have-nots will definitely widen in the near future

From what it’ seems like to me it’s overwhelmingly clothing stores and then stores that sell way too much shyt


Honestly if these places didn’t over extend the shyt out of themselves with hundreds to thousands of stores they probably would be ok


Like Payless for example, they had 2 thousand fukking stores, they were destined to fail

 

[Uitomy]

Y'all ever hear of luxury brands closing stores like that? I still see Prada, LV and Gucci stores everywhere. It's these cheap and midrange clothing stores that are shutting down.

If you're in business, you need to be serving the high end clientele.

Those stores also have certain locations too, costs are easier to manage when you have like 10-100 stores vs 500-1000

 

[lamont614]

Zara
Forever 21
Maybe h and m is the only ones that’s going to be left standing

 

[cjlaw93]

Where all them thick ass girls gonna shop at now?

 

[tater]

I've never heard any female say "I got this from Charlotte Russe" unless it's a chain for white girls or something

Same type of clothes and trash quality as forever 21 at the same price point.

 

[Deuterion]

Y'all ever hear of luxury brands closing stores like that? I still see Prada, LV and Gucci stores everywhere. It's these cheap and midrange clothing stores that are shutting down.

If you're in business, you need to be serving the high end clientele.

Yo, this is closing down because it was saddled in debt when it was acquired by a private equity fund...same thing that happened to Toys R Us. Both companies were in viable and sustainable markets but dumb ass trust fund idiots in the investor class saddled it with debt and it sank. They basically had an airplane that was flying well and they overloaded it with so much luggage that it could no longer fly.

 

[Memorial Stadium Piru]

Same type of clothes and trash quality as forever 21 at the same price point.

Hiiiiiii tater

 

[tater]

Yo, this is closing down because it was saddled in debt when it was acquired by a private equity fund...same thing that happened to Toys R Us. Both companies were in viable and sustainable markets but dumb ass trust fund idiots in the investor class saddled it with debt and it sank. They basically had an airplane that was flying well and they overloaded it with so much luggage that it could no longer fly.

I mean I'm sure that had something to do with it, but the main driver is consumer behavior had changed significantly. Charlotte Russe is predominately a store in malls, people don't go there like that anymore. They haven't transitioned majority online so brick and mortar stores become burdensome because they don't get foot traffic, rent/fees, and need to be staffed.

These stores need to adapt to stay viable or they'll face these issues at an even higher rate in the near future. Sucks, but it is what it is.

 

[Sonic Boom of the South]

Here go the coli being all sad over a store they never went in
Closing

 

[SleezyBigSlim]

Retail store chains all over fighting for their lives..

Unless u like a Walgreens, CVs, etc that have pharmacy’s where people need their prescriptions filled u fukk...

That’s why I laugh when I turned on love and hip or those other duck tales shows and they talk about they clothing store or hat store they about to opened up is going to make a killing,, yeah right

I just canceled Walgreens fukk them nikkas. I went in there to get a fukking simple ass bandaid and them fukk nikkas
don't sell them. How you gone be a pharmacy and don't sell bandaids brehs

 

[Standing on business]

Here go the coli being all sad over a store they never went in
Closing

I think some people see the bigger picture

 

[O.T.I.S.]

So where you gonna shop at now OP?

 

[Sonic Boom of the South]

I think some people see the bigger picture

No they dont


There is no bigger picture

Things evolve

 

[itsyoung!!]

Retail store chains all over fighting for their lives..

Unless u like a Walgreens, CVs, etc that have pharmacy’s where people need their prescriptions filled u fukk...

That’s why I laugh when I turned on love and hip or those other duck tales shows and they talk about they clothing store or hat store they about to opened up is going to make a killing,, yeah right

low overhead small scale stores / boutiques can still do very well