Charming Charlie, the popular jewelry and accessories retailer, announced that they have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code. As part of the filing, Charming Charlie plans to close ALL of its 261 store locations in 38 states.
This is the second time that the retailer has filed Chapter 11. In the previous filing back in April 2018, they closed about 100 stores in hopes to stabilize the business. Now, the company states that it has been struggling with “unsustainable operating expenses, including onerous leases.” The closures will affect around 3,342 full- and part-time employees nationwide.
They have already closed their website to new orders, and liquidation sales at their brick-and-mortar stores have started. All stores are expected to be completely vacated by August 31st, meaning we should start seeing discounts soon, so be sure to keep an eye out some nice deals!