Charlotte Russe closing all stores nationwide, including three in Sacramento area

A shopper holds a Charlotte Russe bag while walking in a mall in Salem N.H. in 2018

Payless ShoeSource was able to emerge from bankruptcy, but recently announced it would still close all US stores.

Charlotte Russe has three Sacramento-area locations at the Palladio mall in Folsom, the Galleria in Roseville and in the Arden area. Charlotte Russe has since switched gears and is closing all locations.

Charlotte Russe, the mall-based retailer selling clothes for young women, is closing all its stores, including two in the Valley.

In 2009, Charlotte Russe was acquired by private equity firm Advent International for $380 million.

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A bankruptcy court on Wednesday approved the sale of the company's merchandise to the liquidation company. It also said liquidation sales would start March 7. That's what happened with U.S. operations of Toys "R" Us a year ago.

According to USA TODAY, the company has more than 8,700 employees.

Charlotte Russe was founded in San Diego in 1975. It also owned 10 stores under the Peek brand, which sold children's apparel.

Going-out-of-business sales started Thursday at the stores. Payless ShoeSource and clothing retailer Gymboree both have followed that path to recent months.

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