This is the second time the retailer has filed for chapter 11 bankruptcy in the last two years.
Charming Charlie asked the bankruptcy court to allow it to honor $19 million of outstanding gift cards for 30 days.
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Charming Charlie closed about 100 stores during its previous bankruptcy, which ended in April 2018, according to USA Today.
If you go to Charming Charlie's website, this is what you'll see. The company employs more than 3,300 people, including 856 full-time employees, Chief Financial Officer Alvaro E. Bellon said in a court declaration. The decision to file again was made "after the implementation of numerous cost-reduction measures" and prior store closings, the company said in the DE court filing Thursday.
"These efforts simply were not sufficient to stabilize the Debtors' businesses and ensure long-term profitability", Bellon said. The stores are generally located in malls, street-level shops and outlets.