Charming Charlie declares bankruptcy, three Greater Cincinnati stores to close
Sarah Brookbank
Three local Charming Charlie stores will be closing soon and closing sales have begun.
The Charming Charlie locations in Crestview Hills Town Center, Rookwood Commons and Deerfield Towne Center will close after the jewelry and accessories retailer filed for Chapter 11 bankruptcy. The chain plans to close all of its 261 stores in 38 states.
This is the second time the store has filed for bankruptcy. Charming Charlie closed about 100 stores during its previous bankruptcy, which ended in April 2018, according to USA TODAY.
The company said it faced "unsustainable operating expenses, including onerous leases" at a time when many brick-and-mortar stores are battling with online retailers.
Going-out-of-business sales have already begun at Charming Charlie locations. According to the website, stores are 20 to 50% off. The sale is valid in-store only and all sales are final. Gift cards will be accepted until August 21.
The company expects to vacate its stores by Aug. 31, according to a court filing. Hilco Merchant Resources and SB360 Capital partners are handling the liquidation.