Print
Retail

More National Chains Closing Stores In Wilmington

By Johanna Cano, posted Mar 7, 2019
More national retail chain stores have recently announced closures.

Charlotte Russe, which has a retail store at Independence Mall, will close its remaining 416 stores and conduct going-out-of-business sales, according to a Thursday news release by SB360, a liquidation company that purchased Charlotte Russe’s inventory and other assets after the store filed for bankruptcy.

The women’s clothing store had about 8,700 employees as of February with most of them working part-time. Officials plan on closing the stores in the next two months.

Crazy 8 is another clothing store chain with a location at Independence Mall that announced it was closing all its stores earlier this year.

The children’s clothing store, a brand under Gymboree, will close stores under its bankruptcy plan. The Children’s Place Inc. announced this week in a news release that it plans on purchasing Gymboree and Crazy 8 brand rights for $76 million.

Officials at Independence Mall have not been given any information from Charlotte Russe or Crazy 8 on the stores’ closures and are just working day-by-day, said Kelly Skidmore, a marketing official with Independence Mall.

Brookfield Properties, the mall’s owner, has plans to redevelop the mall into an indoor-outdoor shopping center called The Collection at Independence.

Redevelopment plans will hopefully start in the summer, Skidmore said.

Payless ShoeSource Inc. announced the closure of its about 2,300 U.S. stores in February, with its Latin American and international franchise stores continuing to operate as usual, according to the company’s letter to customers.

There is one Payless ShoeSource store in Wilmington at University Centre at 348 S. College Road.

“Unfortunately, we emerged from the prior reorganization ill-equipped to survive in today’s retail environment, with too much remaining debt, too large a store footprint and a yet-to-be-realized system and corporate overhead structure consolidation,” stated the letter.

Dollar Tree announced Wednesday will close 390 Family Dollar stores in 2019 and will rebrand 200 stores to Dollar Tree after its $2.3 billion loss in the last quarter of 2018, according to the company’s Fourth Quarter and 2018 Fiscal Year report.

The company has not announced which stores it will close out of its 8,236 Family Dollar stores.

There are eight Family Stores in Wilmington, two in Leland, one in Hampstead and one in Southport, according to Family Dollar's website.

Earlier this year, J.Crew and Eddie Bauer closed their locations at Mayfaire Town Center. Loft, a women's clothing store, will move into the location previously occupied by Eddie Bauer.

This year's retail closure announcements follow last year's closures of well-known retailers.

Toys R Us and Sears stores closed in Wilmington in 2018. The Sears building at Independence Mall was temporarily used by FEMA and the Small Business Administration for Hurricane Florence assistance and the Toys R Us building at 4510 Oleander Drive was temporarily a Halloween Store.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Headshot2

The Importance of Establishing a Support System for your Educational Journey

Dani Somers - North Carolina Wesleyan
Hardyheadshot

Start Your Doctor of Nursing Practice Degree to Get Ahead of the Curve

Charles Hardy - UNCW College of Health and Human Services
Leath 683x10242

How to Fire Someone Effectively

Lisa Leath - Leath HR Group

Trending News

Four Wilmington-area Companies Make Inc.'s Best Workplace List

Johanna Cano - May 16, 2019

Downtown Hotel Owners Propose New Building With 45 More Rooms, Retail Space

Cece Nunn - May 16, 2019

For $4.4M, Investors Buy S. College Road Center, Plan Improvements

Cece Nunn - May 17, 2019

Music Industry Veterans Plan To Strike A Chord With Store On Market Street

Cece Nunn - May 15, 2019

Wilmington Wine & Food Festival Starts Thursday

Jessica Maurer - May 15, 2019

In The Current Issue

Battleship North Carolina Unveils Its New Dock

A new dock will give Battleship North Carolina visitors a fresh angle to experience the World War II vessel, moored at 1 Battleship Road....


Creating A Digital Arts Workforce

UNCW launched its digital arts program in fall 2017, hoping to prepare students in all facets of digital art through coursework that include...


Info Junkie: Jim R. Roberts

Info Junkie Jim R. Roberts, Founder of Network for Entrepreneurs in Wilmington (NEW) and Wilmington Angels for Local Entrepreneurs (WALE), o...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018