Mall jewelry chain Claire's has filed for bankruptcy for the second time in seven years, and a Washington state store outside Seattle has been identified for closure.
However, the majority of Claire's locations in the U.S. and the rest of North America will remain open as the company "continues to explore all strategic alternatives," according to a news release issued Aug. 6, by parent company Claire's Holdings LLC and Claire's U.S., which operates Claire's and Icing stores in the U.S.
Illinois-based Claire's has continued to struggle since a March 2018 bankruptcy filing. The rise of ultra-popular fast fashion websites Shein and Temu has cut into sales for the jewelry store chain, which has 1,326 company-operated stores in the U.S. Other detrimental factors: rising interest r