The iconic mall destination for tweens and teens, Claire’s, has filed for Chapter 11 bankruptcy again, citing mounting debt, rising costs, and fierce competition from trendier brands. The accessories and ear-piercing retailer, which first filed in 2018, now lists up to $10-billion in assets and liabilities and plans to keep its U.S. stores open while exploring options. With over 2,750 locations worldwide, Claire’s is aiming to restructure and stay relevant as more shoppers move online. For now, glittery scrunchies and sparkly earrings are still on the shelves, but the future may look very different.
Want to know more about Scott Stevens? Get his official bio, social pages and articles on New Country 107.9 YYD!Full Bio