Teen Jewelry Retailer Claire’s Files for Bankruptcy Again
Teen Jewelry Retailer Claire’s Files for Bankruptcy Again
Claire’s, once a staple for mall-going tweens and teens, filed for bankruptcy for the second time in seven years on Wednesday, multiple news outlets reported. The company faces about $500 million in debt. CEO Chris Cramer called the decision difficult but necessary in a statement. “Increased competition, consumer spending trends and the ongoing shift away […]