Women's clothing retailer Charlotte Russe will close 94 stores after filing for Chapter 11 bankruptcy.
The company filed paperwork in court Monday to start the process, saying Charlotte Russe "suffered from a dramatic decrease in sales and in-store traffic" and struggled with "the burden of maintaining a large brick-and-mortar presence," CNN reported.
Company officials are looking for a new owner to operate 400 Charlotte Russe, Peek children's stores and the company's website, according to CNN.
Officials said poor sales and debt hurt the company.
The company was last purchased in 2009 by an equity firm in a $380 million cash for stock deal. It also slashed its debt amount from $214 million to $90 million in 2018. But sales also fell from $928 million in 2017 to $795 million in 2018, CNN reported.
USA Today reported the following stores will be closed:
Alabama
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California
Arvin: 5701 OUtlets at Tejon Parkway
Culver City: 6000 Sepulveda Blvd.
Daly City: 288 Serramonte Center
Fairfield: 1350 Travis Blvd.
Irvine: 71 Fortune Drive
La Mesa: 5500 Grossmont Center
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Valencia: 24201 West Valencia Blvd.
Westminster: 2150 E Westminster Mall
Colorado
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Florida
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West Palm Beach: 1721 Palm Beach Lakes Blvd.
Georgia
Commerce: 800 Steven B. Tanger Blvd.
Douglasville: 1440 Doublas Blvd.
Pooler: 200 Tanger Outlet Blvd.
Hawaii
Aiea: 98-1005 Moanalua Road
Kahului: 275 W. Kaahumanu Ave.
Kaneohe: 46-056 Kamehameha Highway
Illinois
Algonquin: 1952 S. Randall Road
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Skokie: 4999 Old Orchard Center
Indiana
Hobart: 2063 Southlake Mall
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Ashland: 500 Winchester Ave.
Louisiana
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Maryland
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Frederick: 5500 Buckeystown Pike
Gaithersburg: 701 Russell Ave.
Hagerstown: 17301 Valley Mall Road
Ocean City: 12741 Ocean Gateway
Massachusetts
Cambridge: 100 Cambridgeside Place
Kingston: 101 Independence Mall Way
Michigan
Dearborn: 18900 Michigan Ave.
Howell: 1475 North Burkhart Road
Okemos: 1982 W. Grand River Ave.
Saginaw: 4667 Fashion Square Mall
Minnesota
Bloomington: 141 East Broadway
Burnsville: 1178 Burnsville Center
Missouri
Kansas City: 7260 NW 86th Place
Lee’s Summit: 880 Nw Blue Parkway
St. Louis: 85 South County Centerway
New Jersey
Atlantic City: 122 Christopher Columbus Blvd.
East Brunswick: 755 State Road 18
Moorestown: 400 Route 38
New York
Glendale: 8000 Cooper Ave.
Massapequa: 2135 Sunrise Mall
Nanuet: 66 Rockland Plaza Route 59
New Hartford: Route 5 & 5A
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North Carolina
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Pennsylvania
Altoona: Route 220 & Goods Lane
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Madison: 375 East Towne Mall
Credit: Room's Studio/Shutterstock
Credit: Room's Studio/Shutterstock
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