The formerly high-flying Charming Charlie has come back down to earth.
The jewelry and accessories retailer announced it plans to shutter a
number of underperforming stores along with its Los Angeles office, and
also reduce headcount at its Houston headquarters and distribution
center as part of an effort to simply business operations, improve
liquidity and focus on its core strengths. The moves comes amid rumors
that the chain is preparing to file for bankruptcy in the near future.. . . more