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Store Fascinating Charlie Information Bankruptcy 11, Final All Shops

Every other nationwide store is chucking up the sponge.

Jewellery and equipment chain Fascinating Charlie has filed Bankruptcy 11 chapter and plans to near all 261 of its shops.

The corporate, which operated in 38 states, had up to now close down 100 shops as a part of an previous chapter submitting, which ended closing April. Going into chapter 11 gross sales are already underway at many places and the chain expects to stop all operations via Aug. 31.

Two years in the past, there have been 390 Fascinating Charlie shops unfold around the U.S., Canada the Center East and the Philippines. The corporate specialised in colourful merchandise for ladies, together with purses, presents and jewellery.

The corporate blamed a number of components for the submitting, together with prime hire prices.

That’s a well-known chorus for suffering shops at the present time. Sears pointed to hire prices as some of the hurdles in its submitting, which burnt up lots of the store’s location. Payless ShoeSource filed for chapter previous this 12 months. Final 12 months, mega store Toys R Us liquidated.

Different shops going through closures come with Brookstone, which is remaining its 101 mall shops and ladies’s attire store Charlotte Russe.

The continued slate of bankruptcies most probably isn’t over, both. In February, Simon Assets Workforce, the rustic’s greatest mall proprietor, mentioned it used to be anticipating extra bankruptcies this 12 months.

Extra must-read tales from Fortune:

Retail business staff provides to lend a hand antitrust investigators having a look into Amazon and Google

—It’s all clicking for Wayfair, a Fortune 500 newcomer

—Nike yanks ‘Betsy Ross Flag’ shoes after Colin Kaepernick intervenes

—How Buck Basic brings in billions every 12 months

—Pay attention to our new audio briefing, Fortune 500 Day-to-day

Practice Fortune on Flipboard to stick up-to-date on the most recent information and research.

Every other nationwide store is chucking up the sponge.

Jewellery and equipment chain Fascinating Charlie has filed Bankruptcy 11 chapter and plans to near all 261 of its shops.

The corporate, which operated in 38 states, had up to now close down 100 shops as a part of an previous chapter submitting, which ended closing April. Going into chapter 11 gross sales are already underway at many places and the chain expects to stop all operations via Aug. 31.

Two years in the past, there have been 390 Fascinating Charlie shops unfold around the U.S., Canada the Center East and the Philippines. The corporate specialised in colourful merchandise for ladies, together with purses, presents and jewellery.

The corporate blamed a number of components for the submitting, together with prime hire prices.

That’s a well-known chorus for suffering shops at the present time. Sears pointed to hire prices as some of the hurdles in its submitting, which burnt up lots of the store’s location. Payless ShoeSource filed for chapter previous this 12 months. Final 12 months, mega store Toys R Us liquidated.

Different shops going through closures come with Brookstone, which is remaining its 101 mall shops and ladies’s attire store Charlotte Russe.

The continued slate of bankruptcies most probably isn’t over, both. In February, Simon Assets Workforce, the rustic’s greatest mall proprietor, mentioned it used to be anticipating extra bankruptcies this 12 months.

Extra must-read tales from Fortune:

Retail business staff provides to lend a hand antitrust investigators having a look into Amazon and Google

—It’s all clicking for Wayfair, a Fortune 500 newcomer

—Nike yanks ‘Betsy Ross Flag’ shoes after Colin Kaepernick intervenes

—How Buck Basic brings in billions every 12 months

—Pay attention to our new audio briefing, Fortune 500 Day-to-day

Practice Fortune on Flipboard to stick up-to-date on the most recent information and research.

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