Longtime mall staple Claire's has begun liquidating its stores after filing for bankruptcy for a second time in seven years.

The tween accessories retailer was once a thriving retailer. From fiscal 2000 to fiscal 2007, the company grew its annual sales from $846 million to $1.48 billion. But by 2018 it had filed for bankruptcy protection for the first time. It was taken over by creditors Elliott Management Corporation and Monarch Alternative Capital, who eliminated $1.9 billion of debt.

Despite some sales momentum in 2021, attempts by Claire's to modernize in an e-commerce world failed to re-energize the brand.

Turnaround efforts over the past couple of years included expanding retail partnerships with companies such as Walgreens and Walmart , a loyalty program rollo

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