Claire’s, the tween-focused jewelry retail chain with a dozen locations on Long Island, has filed for bankruptcy for the second time in seven years citing challenges from tariffs and lower spending at malls.

The Illinois-based retailer, known for its presence in American malls, filed for Chapter 11 bankruptcy in Delaware Wednesday morning. The privately owned company reported assets and liabilities each ranging between $1 billion and $10 billion , according to U.S. bankruptcy court filings.

Claire’s CEO Chris Cramer said in a company announcement that the decision to file for bankruptcy was difficult but necessary.

“Increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail, in combination with our current debt obligations and macroeconom

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