Accessories and clothing retailer Charming Charlie Holdings Inc. said it plans to close its remaining 261 stores and has permanently stopped online sales as part of its second bankruptcy filing in less than two years, WSJ Pro Bankruptcy reported. The Houston-based company, which has more than 3,300 employees, said it has “made the difficult decision to seek authority to close and wind down or conduct” store-closing sales for all of its remaining bricks-and-mortar stores. It said it made the decision after trying numerous cost-cutting moves and closing about 100 stores during its earlier bankruptcy. “These efforts simply were not sufficient to stabilize” the businesses “and ensure long-term profitability.” Some stores had been staffed by a single employee for hours on end, it said.
