In the retail family world Charlotte Russe could be compared to the neglected middle child. She’s not the oldest or the most successful and yet she isn’t new and exciting either, she just is. And in that respect her time as a competing sibling is sadly coming to a close. Only instead of attempting to sell the unwanted sister, Charlotte Russe has in fact put themselves up for sale “after reviewing its strategic alternatives” according to WWD Business, they decided it was time.
Charlotte Russe had originally decided to attempt a comeback with a strategized turnaround plan. However, after receiving much grief from shareholders the retailer was forced to reconsider its decision and ultimately SELL SELL SELL was the only option remaining.
I wonder what the going rate for a failing teen retailer is these days…