Moorestown Mall Is Losing Another Store
USA Today reported yesterday that Charlotte Russe had filed for Chapter 11 Bankruptcy Protection and that the retailer would be closing 94 of it's stores, including the one in Moorestown Mall.
Charlotte Russe will join a list of stores and restaurants that have left Moorestown Mall (or will be leaving the mall soon). Those include Macy's, Sears, Aeropostale, Pei Wei, Distrito, and Catelli Duo.
It hasn't been all bad news for Moorestown Mall. HomeSense and Five Below recently opened and Sierra Trading Post will be opening soon. In recent years, the mall has also added a Starbucks, Yard House, and Joe Italiano's Maplewood.
According to USA Today, Charlotte Russe currently has 500+ stores. In addition to Moorestown Mall, they also have locations in Cherry Hill Mall and Neshaminy Mall (among others in New Jersey and Pennsylvania). Stores in Willow Grove, PA, East Brunswick, NJ, and Atlantic City, NJ will also be closing.
CharlotteRusse.com says that the company started in 1975. The store is designed to offer young women fashionable clothing at affordable prices. Competitors include Forever 21, H&M, and Zara.
Moorestown Mall is one of 20 malls owned by PREIT. The company also owns Cherry Hill Mall.