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Russe Aims for 600+ Stores

SAN DIEGO-Charlotte Russe plans to add at least 50 new stores in 2007, with a wish list of 350 new locations.

By Debra Hazel | Updated on November 09, 2006

SAN DIEGO-With Rampage stores now sold, converted or returned to their landlords, Charlotte Russe is focusing on a store expansion program that will take it to more than 600 stores in coming years, executives said at its fourth quarter conference call recently.The company plans to add at least 50 new Charlotte Russe stores in 2007. An additional 25 locations will be renovated in the coming year. The chain has a wish list of 350 locations for new stores.

“We always maintained a wish list we share with our landlord partners,” says Mark Hoffman, CEO. “We continue to update that list. There is a significant pool we can fish in.” As of Sept. 30, the company operated 387 stores in 43 states and Puerto Rico. New units likely would be located in major regional malls, with streetfront stores incremental to growth, Hoffman says.

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