Town's Claire's shop could be at risk as chain plunged into bankruptcy
ENGLAND, UNITED KINGDOM, AUG 10 – Claire's US parent company filed for Chapter 11 due to debt and shifting consumer trends, risking 280 UK stores amid ongoing restructuring talks, officials said.
Summary by Wiltshire Times
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Mall icon Claire’s bankruptcy dooming 1,300 stores, including all 25 N.J. locations
Jewelry chain Claire’s, a mall mainstay that claims to have pierced 100 million ears of young girls, has filed for Chapter 11 bankruptcy protection for the second time in less than a decade, the latest brick-and-mortar retailer to succumb to changing consumer trends. CEO Chris Cramer said the 64-year-old company filed for bankruptcy protection because of “increased competition, consumer spending trends and the ongoing shift away from brick-and-m…
Coverage Details
Total News Sources9
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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