A staple at malls across the U.S., Claire’s announced that it has initiated voluntary Chapter 11 bankruptcy proceedings as it seeks “strategic alternatives” to remain open.
There are 2,750 Claire’s stores in 17 countries throughout North America and Europe, the company says. Claire’s previously filed for bankruptcy in 2018 when it had over 4,000 locations.
The company said it plans to close 18 U.S. locations, with more locations to be added to the list. Those locations include: …
Although Claire’s did not directly cite tariffs, the company did say macroeconomic factors played a role in its decision to seek bankruptcy.
That’s a feature, not a bug. Penney’s paid a LOT for that. We had a similar mall In my state that was, essentially, a giant long rectangle. It had a Virgin Megastore right in the middle of the mall that went all the way through to the other side andmit was the only store like that. Going through that store was the only way to get from one side to the other without walking all the way around that long-ass mall.