US EditionClaire's Files for Chapter 11 Bankruptcy Again; One Twin Cities Store to Close
UNITED STATES, AUG 8 – Claire's files for second Chapter 11 bankruptcy due to financial challenges and plans to close at least 18 stores with sales continuing through Sept. 7, filings show.
- On August 6, 2025, Claire's announced it was entering Chapter 11 bankruptcy protection again, with plans to shut down approximately 700 stores across the U.S., including all Icing locations.
- The filing follows a prolonged struggle with heavy debt, shifting consumer habits away from brick-and-mortar stores, and rising costs linked to tariffs and macroeconomic pressures.
- Claire's once eliminated $1.9 billion in debt during its 2018 bankruptcy exit, had a profitable $1.4 billion revenue, and saw leadership changes with CEO Ryan Vero stepping down in June 2024.
- CEO Chris Cramer acknowledged that the choice was challenging yet essential given rising competition and financial pressures, while Debtwire’s Sarah Foss expressed skepticism about the likelihood of a buyer coming forward.
- If no buyer is found, Claire's plans to liquidate its remaining thousand-plus North American stores, though it remains committed to serving customers and paying employees during bankruptcy proceedings.
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After a brief 2022 reemergence, mall boutique Claire's filed for its second bankruptcy in August.Michelle Mengsu Chang/Toronto Star via Getty ImagesMall boutique Claire's filed for its second bankruptcy, with plans to shut 700 US locations as it faces a possible liquidation.The brand, which started as a wig shop in the 1960s, became a rite of passage for many tweens looking to pierce their ears.After a 2018 bankruptcy filing, Claire's briefly su…
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Total News Sources10
Leaning Left2Leaning Right0Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 29%
C 71%
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