Teen jewelry retailer Claire's has filed for Chapter 11 bankruptcy protection for the second time. The company, known for its affordable jewelry and ear-piercing services, is seeking to restructure its debts amid ongoing financial challenges.

This marks the second time Claire's has sought bankruptcy protection , with the first filing occurring in 2018. The company has faced increasing competition from online retailers and changing consumer preferences, which have impacted its sales and profitability.

Despite its financial struggles, Claire's remains a popular destination for teenagers and young adults, particularly for its ear-piercing services. The retailer operates hundreds of stores across the United States and internationally.

Claire's aims to use the bankruptcy process to redu

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