Charming Charlie Announces Management Changes, Store Closures
Charming Charlie is overhauling its operations and management in an attempt to stem financial losses and restructure a heavy debt load during the critical holiday season. The Houston-based accessories retailer announced this month plans to pare down its chain of about 375 stores by an unspecified number, cut jobs at its Houston headquarters and distribution center, and shutter its Los Angeles office. The announcement marks a reversal for the colorful accessories retailer, which expanded at a breakneck pace under the leadership of multimillionaire and entrepreneur Charlie Chanaratsopon. Founded in 2004, it opened nearly 280 stores by 2013 and added almost 100 since then.
Source: Total Retail Read Story: Charming Charlie Changes