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The clothing chain already closed it's online store.

Last week, lingerie retailer Victoria's Secret announced it would close 53 stores due to declining sales.

This bankruptcy comes as a number of national retail stores are closing, including the Gymboree Group, which also has locations in Premium Outlets and announced it would be closing a number of stores in January. The plan to shut down was approved Wednesday by the bankruptcy court in Delaware. The company website has been largely disabled and only includes a simple message stating the online store is closed and going of business sales start at all locations on March 7.

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In 2009, Charlotte Russe was acquired by private equity firm Advent International for $380 million. Almost 100 locations were affected by the initial Chapter 11 filing in February, including in Niagara Falls, New Hartford, Saratoga Springs and the Eastview Mall near Rochester.

Charlotte Russe first opened in San Diego, California in 1975. News about the closing became apparent after the company released a statement to USA Today on Wednesday. The company also established Peek Kids in 2016, specializing in children's clothing. That's what happened with U.S. operations of Toys "R" Us a year ago.


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