HOUSTON – Charming Charlie, a Houston-based retail chain, plans to close a number of underperforming stores and reduce employee headcount at its Houston Corporate Support Center and Distribution Center.
“By reducing the size and scale of our operations, we have the opportunity to stabilize the business,” Interim CEO Lana Krauter said in a press release. “We are working closely with our outside advisors to explore a range of alternatives to help ensure the company has adequate sources of financing and the right capital structure to support the business on an ongoing basis.”
Charming Charlie, with 375 stores in the U.S. and Canada selling jewelry, handbags, apparel and other items, also will close its Los Angeles office.
The firm is reportedly closing its stores aboard, about a dozen stores in Asia and the Middle East.