Charlotte Russe
Charlotte Russe announced the closure of the entire chain in March of this year. Yes, it applies to over 500 stores throughout the country. The company had previously announced the closing of 94 stores. By April 30, 2019, all of the others had shut down. The company has also halted online purchases, but goods can still be purchased at liquidation sales in specific locations.
ADVERTISEMENT
Starbucks
Starbucks revealed in the summer that 150 underperforming stores would be permanently closed. This is three times the amount it usually closes at the end of a fiscal year. The closures, however, would affect large cities with oversaturated markets, according to the company. The coffee chain divisions are simply competing against one another in those areas.