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Claire's files for bankruptcy as competition bites

UNITED KINGDOM, AUG 6 – Claire's faces financial pressure from weak demand, rising costs, and tariffs, with over 25,000 creditors and 280 UK stores at risk amid restructuring efforts.

  • Claire's Accessories, a fashion jewelry chain with 2,750 stores across 17 countries and 280 stores in the UK, has filed for Chapter 11 bankruptcy in a Delaware court.
  • This is the second time Claire's has declared bankruptcy, having previously filed in 2018 after being unable to repay a loan.
  • Increased competition, changing consumer spending trends, shift away from physical retail stores, debt obligations and macroeconomic factors necessitated this course of action, according to CEO Chris Cramer.
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61 Articles

Oxford MailOxford Mail
+2 Reposted by 2 other sources
Center

Westgate store among 5 shops at risk as retailer files bankruptcy

A Westgate store in Oxford is among five Oxfordshire shops at risk of closure as a major retailer files for bankruptcy.

·Oxford, United Kingdom
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Lean Left

It hasn't been long since the US jewelry dealer Claire's bankruptcy had to file for it. Now it hits the company again.

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Lean Left

In France, the court opened judicial reorganization proceedings at the end of July.

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BBC News broke the news in United Kingdom on Wednesday, August 6, 2025.
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