If bankrupt Claire’s doesn’t find a buyer, all of its U.S. stores are likely to go dark.
The tween and teen accessories retailer on Wednesday filed for bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware, with plans to make a similar filing in Canada . Claire’s currently operates approximately 1,350 store locations in the United States and U.S. territories, with the total including Claire’s, Icing and Walmart shop-in-shop locations.
In its court documents , the company said that, prior to the filing, its management team and advisors conducted an analysis of its existing U.S. store footprint to identify stores that aren’t viable under current lease terms or otherwise underperforming.
“ Based on this review, the company determined it is advisable