For bankrupt Claire’s, it’s either find a buyer or shut down.

Court documents indicate that the accessories chain, which also sells items such as socks and slippers, is following a dual-track process that includes hiring Hilco Merchant Resources as the liquidation firm to close all stores. Claires operates 1,260 standalone locations across North America plus 210 shop-in-shops inside select Walmart stores. There’s also an additional 850 company-operated stores overseas. The overseas operations are not part of the Chapter 11 case that was filed on Wednesday in a Delaware bankruptcy court. The company said that its Canadian affiliates also plan to commence proceedings in Canada in the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act. There were rumblings

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