Charming Charlie is shutting down all of its stores in a Chapter 11 bankruptcy filing made public today.
The jewelry and accessory company said it was a “tough decision” but the company would wind down sales and close all brick-and-mortar stores, according to a filing in the United States Bankruptcy Court District of Delaware. It has tried other cost-saving measures, including closing 100 underperforming stores.
Charming Charlie also faced “significant headwinds given the continued decline of the brick-and-mortar retail industry,” the company said in the court filing.
»BIZ BEAT: Near record number of U.S. stores closing, but Dayton market healthy
The company has 261 stores, according to the filing, including at The Greene Town Center in Beavercreek, Polaris Fashion Place in Columbus, Deerfield Towne Center near Mason and Rookwood Commons and Pavilion in Cincinnati.
There will be no new gift cards issued and online sales have already ended.
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