Beloved Mall Retailer Claire's Files for Bankruptcy After Skipping Rent Payments

An iconic mall fixture might be on its way out after filing for Chapter 11 bankruptcy for the second time in the past decade. Claire's, a mall staple for pre-teens thanks to its inexpensive jewelry and accessories, first filed for bankruptcy in 2018, when it had more than 4,500 stores globally. Less than a decade later, the chain is now down to 2,750 locations. Why Did Claire's File for Bankruptcy? Claire's has been struggling with competition from online rivals, mounting debt and the uncertainty from tariffs. "This decision is difficult,...