Iconic teen retailer Claire’s files for bankruptcy again

Claire’s, the iconic teen and tween jewellery and accessories retailer, has filed for bankruptcy in the United States for the second time in seven years.

Known for its vibrant accessories and ear-piercing services, the chain, familiar to many South Africans through its Clicks partnerships and outlets in malls from Mall of Africa to Canal Walk, now faces an uncertain future.

In Delaware court filings, Claire’s outlined plans to close roughly 700 stores across North America, including those under its Icing brand, while seeking a buyer for around 800 remaining outlets.

By Sarene Kloren
Full story at IOL