Cole Haan
This luxury footwear brand made it on the list of USA Today – but it’s not a list that they would like to be on. USA Today included Cole Haan on their list of 26 companies which are most at risk in 2018. The company even attempted to appeal to the rising trend of athletic shoes by changing its image and focusing more on sneakers instead of dress shoes. Cole Haan was owned by Nike, an athletic shoe brand. Then, it was bought by Apax Partners in 2013 and it abandoned Nike’s famous comfort technology. Cole Haan had included sneaker comfort into their dress shoes. Now, it’s even competing against its former mother company and USA Today reports that it is not experiencing any improvements… So does Charlotte Russe!
Cole Haan
Charlotte Russe
In March 2019, CNBC reported that the women’s apparel company Charlotte Russe is liquidating and will cease operation in all of its stores. When it filed for bankruptcy protection in February 2019, it originally planned to close only 94 of its retail stores. That number quickly went up to 500 stores all over the United States. According to CNBC, the main reason for this huge leap was that a liquidator got the winning bid in the auction for it in bankruptcy court. Charlotte Russe stores were historically located in malls. As is commonly known, malls have experienced a huge decrease in foot traffic over the years. So, Charlotte Russe could be another victim of fewer people going to the malls, the ever-changing consumer interests, or both!
Charlotte Russe
