For the second time in seven years, mall jewelry chain Claire's has filed for bankruptcy.
Following a March 2018 bankruptcy filing, Claire's, based in Hoffman Estates, Illinois, has continued to struggle financially. Fast fashion websites, including Shein and Temu, are partly to blame for cutting into sales, according to reports. Other factors include rising interest rates, inflation, and tariffs on goods from China.
Known for its ear piercings and teen fashion accessories, the chain joins other companies facing bankruptcies and store closings such as At Home , Big Lots , Joann Fabrics , Kohl's , JCPenney , Macy's , and Party City .
Here's what to know, including which stores are closing, what we know about North Carolina locations, and more.
Why is Claire's filing