Business & Tech
Another National Retailer Closing 5 MD Stores
Another national retailer has filed for bankruptcy and will close all five of its Maryland stores.
MARYLAND — Jewelry and accessories retailer Charming Charlie has filed for bankruptcy and will close all of its 261 stores by the end of August, including five in Maryland. The news marks another closing in what's been a rough year for national retailers with stores in Maryland.
The store has locations in National Harbor, the Washingtonian Center in Gaithersburg, Waldorf, Westview Promenade in Frederick, and in Bowie Town Center, according to the company's website.
The specialty retailer became known following its 2004 opening for grouping women's fashion accessories by color. However, recent times have proved tough for Charming Charlie and the retailer closed 100 locations last year, Dallas News reported.
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The retailer said the decision to file for bankruptcy again was made "after the implementation of numerous cost-reduction measures" which failed to stabilize the business and ensure profitability.
Charming Charlie's announcement comes a month after it was revealed that Dressbarn is closing 22 locations in Maryland and all 650 across the United States.
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Other store closings announced this year include 90 Family Dollar locations in the state and 11 Maryland Mattress Firm stores.
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