Thread regarding Charlotte Russe Holding Inc. layoffs

I am in a similar situation, and have friends at Simon and Westfield that have been telling me that they want to close a significant amount of stores. Simon and Westfield don't really care what CR says, but its probably best for CR if they can close their worst performing stores and try to get back to making money again. From what I hear, CR wants to be quite a bit smaller than they were at their peak, but that is good for them if they can close their worst stores. They are just struggling with the landlords because CR has no leverage.