Apparel Companies That Are On The Brink Of Disappearing

Charlotte Russe’s Brick and Mortar Model Failed

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Drew Angerer/Getty Images
Drew Angerer/Getty Images

As online shopping grew in popularity, Charlotte Russe found it difficult to maintain strong sales in its brick and mortar stores. This resulted in loads of debt and a bankruptcy filing in February 2019.

Despite a debtor-in-possession financing commitment designed to help the company find a buyer – with hopes of keeping the brand alive – the brand continued to struggle until finding a new owner in YM Inc. As of late 2019, YM had opened roughly 135 stores with plans for more, along with a revamped website.