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Charlotte Russe Keeps Growing

SAN DIEGO-The women's apparel chain plans to expand to "at least" 600 stores from its current total of 360.

By Debra Hazel | Updated on July 21, 2006

SAN DIEGO-Expect the reviving Charlotte Russe to be “at least” a 600-store chain in coming years, executives said today at the chain’s third-quarter conference call. And an acquisition or new chain launch is not impossible next year.

Now with 360 Charlotte Russe stores in 43 states and Puerto Rico, the young women’s apparel retailer expects to open 40 new Charlotte Russe units during the fiscal year ending in September and at least 50 new stores in fiscal 2007. The company is continuing to fill in locations in existing markets, and sees particular opportunity in the Northeast and Northwest, said Mark Hoffman, president and CEO.

“Our deal flow is quite strong, and we have no concerns about building our brand well beyond the 600-store level,” Hoffman said.

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