Mall store Charlotte Russe returning with 100 stores, online shopping

Mall store Charlotte Russe returning with 100 stores, online shopping

Signage for a Charlotte Russe store near Herald Square, March 7, 2019 in New York City. Charlotte Russe, a women's fashion chain started in 1975, has announced it opening 100 stores and reopening its online store.

Less than a month after filing for bankruptcy and announcing it would be closing its stores, fast-fashion mall retailer Charlotte Russe is relaunching and reopening 100 locations.

Charlotte Russe Holdings Corp. and its subsidiaries announced in a news release that they successfully sold the brand and intellectual properties to YM Inc., a North American fashion house.

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"We are very excited Charlotte Russe will be joining the portfolio of brands at YM. This acquisition marries a beloved brand with a sophisticated retail platform and provides Charlotte Russe a path to grow in the future," Dayna Quanbeck, interim CEO of Charlotte Russe, said in a statement. "We thank our loyal customers and employees for sticking by us through the past several months."

Charlotte Russe's social media pages and its website tease a brand-new online shopping experience. The online store initially closed soon after it was announced that the company filed for bankruptcy.

Charlotte Russe is well-known for offering affordable, trendy clothing, shoes and accessories for young women.