Charming Charlie is going out of business. Here’s what it means for the jewelry retailer

Charming Charlie might not be so charming soon.

On Thursday, the jewelry and accessories retailer based out of Houston announced it was filing Chapter 11 bankruptcy and will close all 261 stores in 38 states. That means the five locations in Tarrant County will shut its doors.

This is the second time Charming Charlie has filed for bankruptcy. In the first round, the company closed about 100 stores in an attempt to cut debts and slash costs, but those measures weren’t enough to save the company.

Currently, Charming Charlie has locations in Fort Worth, Hurst, Arlington and Southlake.

Carla Jimenez covers breaking business news and commercial retail development. Born and raised in Euless, she took a detour in the Midwest for a few years, but she’s back in the land of football, barbecue and Dr Pepper.