For the second time in seven years, ear piercing mall staple Claire's has filed for Chapter 11 bankruptcy.
The brand will be shutting down at least 18 storefronts.
There's a dang good chance that you had your ears pieced at a Claire's mall location in the '90s or 2000s. Well, its 1,300-plus locations across America have continued to putter along for years after their original bankruptcy filing back in March of 2018.
Now, just a year before the $500 million loan they took out to cover costs is due in December 2026, USA Today reports that Claire's has declared Chapter 11 bankruptcy trying to decrease their debt load and possibly regroup, or get sold.
According to the Delaware legal filings , Claire's says that most of their locations will remain open during this process, but it