charlotte russe news and archive

Charlotte Russe makes moves to avoid bankruptcy in 2018

San Francisco-based retailer Charlotte Russe is ending the year with a struggle. The future of the company, which has been working to restructure its debt without going into bankruptcy, currently hangs in the balance due to the mercy of shopping mall owners. In order to stay afloat without filing for Chapter 11 bankruptcy, Charlotte Russe will...

Retail

Charlotte Russe improves online buying while mall shopping continues to decline

Women’s clothing retailer Charlotte Russe is stepping up its performance. IBM just announced that the retailer is using Watson Customer Engagement solutions on IBM Cloud that ultimately helps the retailer process record online sales. Last year, Charlotte Russe was able to partner with IBM in order to analyze American consumer shopping habits and...

BusinessFeatured

Charlotte Russe receives a downgrade rating from Moody's

San Francisco-based company Charlotte Russe recently got a downgrade for its loans. The fashion retailer was downgraded from Moody’s, an investors service known for company research and investing information. Charlotte Russe’s senior secured loans that were due 2019 were downgraded by the investors company from B2 to B3. Moody’s has a large...