Claire's Files for Bankruptcy Again Amid Store Closures
Claire's, a popular teen and tween retail chain with around 2,750 stores in the U.S., has filed for Chapter 11 bankruptcy for the second time in six years due to increased competition, declining mall traffic, and economic pressures. While most stores will remain open during the restructuring process, some locations are already scheduled to close, and the company is exploring the sale of assets and strategic alternatives to address its financial challenges.
