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Teen Jewelry Retailer Claire’s Files for Bankruptcy Again

Retail

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 […]