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Something called "Charlotte Russe" is going out of business

Posted on 3/7/19 at 3:23 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41599 posts
Posted on 3/7/19 at 3:23 pm
LINK

quote:

Charlotte Russe is closing all of its stores and has started liquidation sales


Apparently it's a teen / young adult female clothing store in the malls that closed 90-something stores earlier this year and is now throwing in the towel on the remaining 400 plus stores in the chain.

Never heard of it, but let's use our "is our brand about to die" checklist.

1) Mainly in malls? Check.
2) Bought out by a private equity firm? Check.
3) Online experience? No idea.
4) Store experience? No idea.
5) Non-mall competitors? Wiki tells me their competitors are H&M and Forever 21, both of which I have heard of. So, check.

I guess if any of you have gals in the teens or early 20s, there are deals to be had.
Posted by TigernMS12
Member since Jan 2013
5695 posts
Posted on 3/7/19 at 3:25 pm to
Pretty much like Forever 21. 15ish years ago when I was in HS that was one of the main places the HS girls shopped at.
Posted by Ed Osteen
Member since Oct 2007
59338 posts
Posted on 3/7/19 at 3:25 pm to
so you know nothing about the company but want to discuss it closing?
Posted by LouisianaLady
Member since Mar 2009
83165 posts
Posted on 3/7/19 at 3:26 pm to
I was actually pretty surprised when I first heard about this.

That said, Charlotte Russe stores are typically much smaller than F21 or H&M. They were still selling a good bit of "club" attire, which isn't really what younger girls are into anymore.
Posted by Packer
IE, California
Member since May 2017
8699 posts
Posted on 3/7/19 at 3:27 pm to
My wife shopped there a lot when we first got married. Cheap, good clothes, but basically a smaller version of Forever 21
Posted by Dr RC
The Money Pit
Member since Aug 2011
61600 posts
Posted on 3/7/19 at 3:28 pm to
quote:

2) Bought out by a private equity firm? Check.


this usually seems to be a death sentence.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78647 posts
Posted on 3/7/19 at 3:29 pm to
quote:

club" attire, which isn't really what younger girls are into anymore.


Girls still dress up to go to clubs

Posted by DustyDinkleman
Here
Member since Feb 2012
20343 posts
Posted on 3/7/19 at 3:30 pm to
You obviously don’t know anything about this company.


Posted by LSUFanHouston
NOLA
Member since Jul 2009
41599 posts
Posted on 3/7/19 at 3:30 pm to
quote:

so you know nothing about the company but want to discuss it closing?


It's a large chain bankruptcy, so it's newsworthy.
Posted by LouisianaLady
Member since Mar 2009
83165 posts
Posted on 3/7/19 at 3:30 pm to
The club outfits from yesteryear aren't in anymore.

And the age demo they target has been dressing more in what you see at H&M.

I should know.. I still liked Charlotte Russe and nobody I know who is younger than me/college aged does.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
41599 posts
Posted on 3/7/19 at 3:31 pm to
quote:


You obviously don’t know anything about this company.


5 min of internet research. Anytime the news says a chain of over 400 stores is going tits up, it's worth knowing about.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 3/7/19 at 3:33 pm to
Clothing retailers are all the malls have left.

If they go, then malls really have nothing left.
Posted by LouisianaLady
Member since Mar 2009
83165 posts
Posted on 3/7/19 at 3:34 pm to
Besides the obvious online shopping, boutiques have really taken over for women fashion. It used to be that locally owned boutiques were unaffordable to anyone not well off, but most of them are reasonably priced these days. Their sales are as good as anywhere, too.
Posted by DustyDinkleman
Here
Member since Feb 2012
20343 posts
Posted on 3/7/19 at 3:37 pm to
quote:

Anytime the news says a chain of over 400 stores is going tits up, it's worth knowing about.


Yea...but you throwing out the “I have no clue what this store is about” routine was not needed. You could’ve just discussed it like a normal person.

Posted by LSUFanHouston
NOLA
Member since Jul 2009
41599 posts
Posted on 3/7/19 at 3:39 pm to
quote:

Besides the obvious online shopping, boutiques have really taken over for women fashion. It used to be that locally owned boutiques were unaffordable to anyone not well off, but most of them are reasonably priced these days. Their sales are as good as anywhere, too.


I see a lot of these speciality women's boutiques - clothes, bras, lingerie, etc, and they never seem busy. And yeah I always heard they were high priced. If that's changing, that's great, it's always good to support a local business.
Posted by LouisianaLady
Member since Mar 2009
83165 posts
Posted on 3/7/19 at 3:54 pm to
In BR, places like Moxi, Posh, Blink, Frock Candy, Bella Bella, etc. are big hits with the 21-35 crowd. When they do big sales to clear out the inventory, they'll clear the entire store before lunchtime.

If you tried hard enough, you could probably get stuff at Charlotte Russe that looks boutique, but the stores were generally a complete mess and attracted quite a rough crowd.

I see they liquidation sale starts today and thought about going check it out, but that store at Mall of LA during a going out of business sale? Knowing the people I usually see in there? Nah..
Posted by Reservoir dawg
Member since Oct 2013
15168 posts
Posted on 3/7/19 at 4:48 pm to
Retailers are shutting down all over, and it's terrible. You have all this vacant space all over hell that will sit empty, permanently. Lazy fricks shopping online for everything these days!
Posted by blueridgeTiger
Granbury, TX
Member since Jun 2004
22388 posts
Posted on 3/7/19 at 5:44 pm to
My ex-wife loved that place. She was way too old for the clothes there, but she wore them just the same.
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
76075 posts
Posted on 3/7/19 at 5:47 pm to
My little brother got a job there in the 90's to pick up chicks.
Posted by X123F45
Member since Apr 2015
29994 posts
Posted on 3/7/19 at 5:54 pm to
They trim their seams in the inside of their jeans to make it more comfortable for women to go commando.
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