Charming Charlie to close all 261 stores

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Charming Charlie to close all 261 stores

Charming Charlie might not be so charming soon.

Another retailer is going bust: Charming Charlie Holdings plans to close its remaining 261 stores after filing for bankruptcy protection for the second time in as many years.

Going out of business sales have started, and the retailer expects all stores to be closed by August 31, according to the filings.

If you go to Charming Charlie's website, this is what you'll see.

Nearly all of Charming Charlie's 14 North Texas stores are in suburban lifestyle centers. "We have received no additional information but look forward to sharing new additions to Southpointe Pavilions as information becomes available".

The Houston-based company on Thursday reported having about $6,000 in cash on hand and said its planned liquidation sales would bring in $30 million in revenue.

The chain, which opened in 2004, described itself as being "Known for offering a wide array of women's apparel and fashion accessories, beauty, gifts and more, all ingeniously arranged by color; making that flawless look fun and easy to find".

The company has stores in 38 states, including Alabama, where it has locations in Huntsville, Birmingham and Mobile. The company employs more than 3,300 people, including 856 full-time employees, Chief Financial Officer Alvaro E. Bellon said in a court declaration.

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