Charlotte Russe (NASDAQ: CHIC) is a specialty
chain store in
United States dedicated
and accessories under the Charlotte Russe, refuge.,
and blu chic labels. The company is based in San
Diego, California. The company is targeted toward
women in their teens through twenties and has a
website at www.charlotterusse.com.
Daniel Lawrence founded the store
and opened its first store in 1975, in Carlsbad,
The store was dedicated to selling clothes for women
ages 12 to 35. The name comes from the French dessert.
The company was acquired in 1996 by the investment
firm of SKM (Sanders, Karp and Megrue). The new
owners had an ambitious plan of expansion for Charlotte
Russe and the company evolved into a national chain
shopping mall stores.
The company currently operates more than 460 stores
Susie Castillo recently signed on as the Charlotte
Russe brand ambassador and Gossip Girl stylist,
Eric Daman, is going to help her design her own
line influenced by her Latino heritage.
Charlotte Russe typically serves the same audience
and competes with
Deb Shops, Justice,
Forever 21, and