Tween Retail Chain Claire’s Files for Bankruptcy, to Close Most Stores

Tween retailer Claire’s, a shopping-mall fixture known for ear-piercing and accessories, has filed for bankruptcy for the second time with plans to close more than 1,300 U.S. stores.

The Hoffman Estates, Ill.-based retailer sought protection from creditors Wednesday, saying it has been hurt by both macroeconomic and retail-specific challenges like less foot traffic, higher interest rates and tariffs.