Popular Chain Announces Bankruptcy…Will Close 261 Stores!
Employees arrange merchandise under a "Going Out Of Business" sign at a Toys 'R' Us retail store at Times Square in New York, U.S., on Friday, May 11, 2018. As playtime ends for Toys 'R' Us, customers are being invited to attend the bankrupt company's final sales and snap nostalgic selfies with a Geoffrey the Giraffe banner and the #alwaysatrukid hashtag. Photographer: Jeenah Moon/Bloomberg via Getty Images
Man, another brick and motor store going out of business! I love Charming Charlie’s! They have SO MUCH fun jewelry! I know you can get the same things on Amazon, for cheaper, but going into an actually store gives you inspiration or you might find something you didn’t know you like. Anyway, it makes me sad. I’m literally still not over Payless closing!
The company also said it faced “unsustainable operating expenses, including onerous leases at a time when many brick-and-mortar stores are battling with online retailers.” (Basically, thanks Amazon)
Closing sales have already begun and expected to close all stores by August 31st.
Nicole Michalik is the afternoon drive host on 925XTU. She has been with the station for the past 5 years and was named CRS New Face of Country Music. Nicole always had a strong love for pop-culture and has been working in entertainment since her college internship. As a content creator for 925XTU, Nicole writes articles on Philly happenings, sports, celebrity relationships, pop culture moments and anything else she finds fun and exciting!
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