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• Fashion retailer Charlotte Russe has filed for Chapter 11 bankruptcy protection, saying that it plans to close some 94 of its more than 500 stores, and will seek a sale of the company. However, according to the USA Today story, management says that “the chain plans to completely liquidate if it can't find a buyer by Feb. 17.”

The story notes that “the bankruptcy marks the latest in a series of similar cases among mall retailers that have been unable to identify a sustainable path amid declining foot traffic and intense digital competition.”
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