Charlotte Russe Holdings Corporation, a fashion retailer for women in their teens and 20’s plans to close 96 stores across the country; including at the Mall of America in Bloomington and Burnsville Center  in Burnsville. The company said Monday that it filed for Chapter 11 bankruptcy protection to keep its operations afloat. It has received debtor-in-possession financing of $50 million, which if approved, will support the company and its 462 ongoing stores through the restructuring process.

The company’s Minnesota stores in Ridgedale, Eden Prairie Center, Maplewood Mall, Albertville Premium Outlets, St. Cloud and Mankato are not closing on the list. The company also owns the children’s chain Peek Kids, but none of those 10 stores are closing. Charlotte Russe is the latest in a long string of retailers that have shuttered stores, or closed entirely including Sears, Kmart, Nine West, Claires, Sam’s Club, Banana Republic and JC Penney.

In 2019, retail analysts expect to see store closings from Christopher and Banks, Lowe’s, Children’s Place, Destination Maternity, and Henri Bendel. Liquidation sales are expected to start later this week at Charlotte Russe and will last six to eight weeks.

I went around and asked some people of what they thought about the closing of Charlotte Russe. Haley Pyne, a senior was very sad when she heard about the news.

“I was disappointed because that was one of my favorite places to shop, they had such cute clothes.

Another senior Mackenzie Piel said, “The store was really simple I wasn’t a fan of their clothes so I really saw this coming.”