MYRTLE BEACH, SC (WMBF) – Fashion retailer Charlotte Russe is closing nearly 100 stores across the United States – including stores in Myrtle Beach and Florence – after filing for Chapter 11 bankruptcy.
“Charlotte Russe has received a commitment for a debtor in possession financing in the maximum amount of $50 million. If approved by the Bankruptcy Court, the financing will support the Company’s operations and administration during the Chapter 11 proceedings," the retailer said in a news release on Monday.
Store closing sales will be announced in the “near term,” the release states.
There are two Charlotte Russe locations on the Grand Strand and in the Pee Dee:
2701 David McLeod Boulevard in Florence.
2000 Coastal Grand Circle in Myrtle Beach.
The retailer operates over 500 stores nationwide, primarily in shopping malls and outlet centers.