Monday, November 25, 2019

Charlotte Russe rapidly expands store fleet

Chain Store Age
Charlotte Russe is back in expansion mode after filing for bankruptcy in February and liquidating in March. An executive with owner YM Inc.'s U.S. subsidiary, A&M LLC, said the teen apparel brand has opened some 135 stores so far. YM Inc., which acquired the retailer's brand and intellectual property in March, initially said in June that it planned to open a total of 100 Charlotte Russe stores.

The expansion efforts will continue in 2020, the executive said. The holding company has opened roughly 25 Charlotte Russe stores per month since it bought the brand and an additional round of store openings will kick off in February, the executive said. . . . more