Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news Claire’s, Renowned for Teen Ear Piercings, Files for Chapter 11 Bankruptcy Again Since 2018
  • Local news

Claire’s, Renowned for Teen Ear Piercings, Files for Chapter 11 Bankruptcy Again Since 2018

    Claire's, known for piercing millions of teens' ears, files for Chapter 11, 2nd time since 2018
    Up next
    Oregon man indicted on fourth murder in serial homicide case
    Oregon Man Charged with Fourth Murder in Serial Killer Investigation
    Published on 06 August 2025
    Author
    Internewscast
    Tags
    • 2nd,
    • Business,
    • chapter,
    • Chris Cramer,
    • Claire039s,
    • Donald Trump,
    • Ears,
    • files,
    • for,
    • known,
    • millions,
    • Neil Saunders,
    • piercing,
    • since,
    • teens039,
    • time,
    • U.S. news
    Share this @internewscast.com
    FacebookXRedditPinterest

    NEW YORK – Claire’s, the popular mall retailer for teen accessories known for introducing many teens to ear piercing, is facing significant debt and changing consumer trends. As a result, the company has filed for Chapter 11 bankruptcy protection.

    Claire’s Holdings LLC, along with some of its U.S. and Gibraltar-based branches, referred to as Claire’s U.S., operates Claire’s and Icing stores across the country and initiated the filing in the U.S. Bankruptcy Court in Delaware on Wednesday. This represents the second filing since 2018, prompted by a hefty debt load and a shift from physical stores to online shopping among teenagers.

    This bankruptcy move comes after similar financial troubles at other teen-focused retailers like Forever 21, which filed for bankruptcy for a second time in March and subsequently shut down its U.S. operations due to declining mall traffic and growing competition from online giants such as Amazon, Temu, and Shein.

    With the company headquartered in Hoffman Estates, Illinois, and established in 1974, Claire’s announced that its North American outlets will stay operational for now, continuing to serve customers while considering various strategic options. Claire’s oversees more than 2,750 stores across North America and Europe and operates 190 Icing stores in North America.

    In a court filing, Claire’s said its assets and liabilities range between $1 billion and $10 billion.

    Claire’s CEO, Chris Cramer, expressed that the decision was tough but essential. He emphasized that a mix of increased competition, consumer trends shifting away from brick-and-mortar retail, combined with the company’s current debt challenges and wider economic factors, made this move necessary for the benefit of Claire’s and its stakeholders.

    Like many retailers, Claire’s was also struggling with higher costs tied to President Donald Trump’s tariff plans, analysts said.

    Cramer assured that Claire’s is actively engaged in dialogues with potential strategic and financial partners, staying dedicated to customer service and maintaining relationships with suppliers and landlords in various areas. The company also plans to continue paying employee wages and benefits, seeking approval to use cash collateral to support ongoing operations.

    Neil Saunders, managing director of GlobalData, a research firm, noted in a note published Wednesday Claire’s bankruptcy filing comes as “no real surprise.”

    “The chain has been swamped by a cocktail of problems, both internal and external, that made it impossible to stay afloat,” he wrote.

    Saunders noted that internally, Claire’s struggled with high debt levels that made its operations unstable and said the cash crunch left it with little choice but to reorganize through bankruptcy.

    He also noted that tariffs have pushed costs higher, and he believed that Claire’s is not in a position to manage this latest challenge effectively.

    Competition has also become sharper and more intense over recent years, with retailers like jewelry chain Lovisa offering younger shoppers a more sophisticated assortment at low prices. He also cited the growing competition with online players like Amazon.

    “Reinventing will be a tall order in the present environment,” he added.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like
    Illinois State Police announce nighttime enforcement patrol results
    • Local news

    Illinois State Police Reveal Outcomes of Nighttime Patrol Enforcement

    CENTRAL ILLINOIS (WCIA) — Almost 30 individuals were cited or arrested in…
    • Internewscast
    • September 2, 2025
    Bryan Kohberger's mother sent him article about Idaho murders
    • Local news

    Mother of Bryan Kohberger Shared Article on Idaho Murders with Him

    Bryan Kohberger’s mother messaged him regarding the murder of four University of…
    • Internewscast
    • September 3, 2025

    Survey Reveals Almost 50% of Virginians Facing Debt Due to Increasing Food Prices

    (WFXR)- A new study from No Kid Hungry Virginia indicates that 45…
    • Internewscast
    • September 3, 2025
    Trump’s use of National Guard during Los Angeles immigration protests is illegal, a judge rules
    • Local news

    Judge Rules Trump’s Deployment of National Guard in LA Immigration Protests Unlawful

    All images and text are credited to the respective individuals and organizations…
    • Internewscast
    • September 2, 2025
    Trump to make announcement about Department of Defense
    • Local news

    Trump to Announce Updates Regarding the Department of Defense

    President Trump is set to announce a development regarding the Department of…
    • Internewscast
    • September 2, 2025

    W. State of Franklin Lane Shutdown in Johnson City until Week’s End

    JOHNSON CITY, Tenn. (WJHL) — The city of Johnson City has announced…
    • Internewscast
    • September 2, 2025
    'Woke' test for new Oklahoma teachers  impossible to fail
    • Local news

    Oklahoma Teachers’ ‘Woke’ Exam Deemed Unfailable

    OKLAHOMA CITY, Okla. (KFOR) – A newly introduced 34-question evaluation intended to filter…
    • Internewscast
    • September 3, 2025
    George Raveling, Hall of Fame coach who pushed Michael Jordan to Nike, dies at 88
    • Local news

    George Raveling, the renowned coach who influenced Michael Jordan’s deal with Nike, passes away at 88

    George Raveling, a revered figure in college basketball coaching and a pivotal…
    • Internewscast
    • September 2, 2025
    Federal forces could arrive in Chicago by end of week, mayor warns
    • Local news

    Mayor warns federal forces may arrive in Chicago by week’s end

    Mayor Brandon Johnson announced that a wave of federal agents was anticipated…
    • Internewscast
    • September 2, 2025
    Congress returns to the Capitol and China's military parade to welcome world leaders: Morning Rundown
    • Local news

    Congress Reconvenes at the Capitol and China Hosts Military Parade for World Leaders: Morning Recap

    In today’s briefing: Lawmakers reconvene in Washington after a month’s break, with…
    • Internewscast
    • September 2, 2025
    Cardi B wins case filed by security guard who claimed rapper assaulted her
    • Local news

    Cardi B Emerges Victorious in Lawsuit Over Alleged Assault by Security Guard

    LOS ANGELES – On Tuesday, a jury swiftly ruled in favor of…
    • Internewscast
    • September 3, 2025
    Key GOP senator declines to elaborate on planned 'oversight' of RFK Jr. after CDC exodus
    • Local news

    Key Republican Senator Remains Tight-Lipped on Planned ‘Oversight’ of RFK Jr. Following CDC Staff Resignations

    WASHINGTON — Senator Bill Cassidy from Louisiana, who chairs the health committee,…
    • Internewscast
    • September 3, 2025
    Here are the jobs covered by Trump’s ‘No tax on tips’ law
    • Local news

    Jobs Affected by Trump’s ‘No Tax on Tips’ Legislation

    (The Hill) – Over 60 professions will benefit from President Trump’s “no…
    • Internewscast
    • September 3, 2025
    Dwayne Johnson breaks down in tears as film gets a 15-minute ovation
    • Entertainment

    Dwayne Johnson Moved to Tears After His Movie Receives a 15-Minute Standing Ovation

    Dwayne ‘The Rock’ Johnson became emotional on Tuesday night when his film,…
    • Internewscast
    • September 3, 2025
    PREMIER LEAGUE TRANSFERS REPORT CARD: How did YOUR club fare?
    • News

    PREMIER LEAGUE TRANSFER EVALUATION: How well did your team do?

    The transfer window slammed shut with an almighty bang on Monday evening…
    • Internewscast
    • September 3, 2025
    Three CSRA lottery players win $50,000, as growing Powerball jackpot is yet to be won
    • Local news

    Three CSRA Lottery Winners Score $50,000 Each While Massive Powerball Jackpot Remains Unclaimed

    Check your tickets! In the past week, three lottery players in the…
    • Internewscast
    • September 3, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.