Charlotte
Russe
Chain of clothing
stores for young women.
Headquarters:
4645 Morena Boulevard
San Diego, CA 92117
Employees: 2,100
CEO: Mark Hoffman
Stock Symbol: CHIC
Website:
http://www.charlotte-russe.com
Career Site
Charlotte Russe Holding, Inc. is a mall-based
specialty retailer of fashionable, value-priced apparel and accessories
targeting young women in their teens and twenties.
At March 31, 2007 the Company operated
395 stores in 43 states and Puerto Rico. The Company expects
to open at least 50 new Charlotte Russe stores in fiscal 2007.
Stores are typically 6,500 - 7,000 square
feet and offer a wide selection of apparel and a full range of
accessories and footwear.
For fiscal 2006, the company reported sales
of $681.5 million, up 33% from the previous year. Net income
was $37.2 million.
History
In 1975, the first Charlotte Russe store
opened in Carlsbad, CA and was dedicated to affordable women's
clothing. The name comes from Charlotte Russe, a French dessert.
Focused on women ranging from teens to
early twenties, the store offered value-priced merchandise that
followed understandable fashion trends. During the subsequent
20 years, the Company grew into a 35-store regional chain concentrated
in Southern California generating $70 million of annual sales.
In September 1996, Saunders Karp &
Megrue, a private equity investment firm, and Bernie Zeichner
acquired Charlotte Russe from its founders with the intention
of pursuing an accelerated national store expansion program.
The new owners believed that a significant opportunity existed
to leverage the strength of the Charlotte Russe concept and its
new store economics by further penetrating existing markets and
expanding the chain to other regions of the country. A total
of 29 new stores were opened during the first two years under
the new management team.
In the ten years since the ownership change,
Charlotte Russe Holding, Inc. has more than quadrupled its store
count and went public in 1999.
Benefits
- Medical insurance coverage
- Dental insurance coverage
- Vision insurance coverage
- Long term disability insurance
- 401k retirement plan with 25% employer match
- Employee stock purchase plan
- Paid vacation days
- Paid health leave
- Paid holidays
- Short Term Disability
- Life Insurance (basic and supplemental)
- And of course, the clothes, at a generous employee discount!
Updated April 15, 2007
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