(FOX40.COM) -- The popular mall jewelry and accessories chain Claire's is on the verge of closing more than 1,000 stores in the U.S. after it filed for another bankruptcy. • Video Above: Historic Macy's in Downtown Sacramento prepares for closure

On Aug. 6, Claire's announced that it voluntarily filed for Chapter 11 bankruptcy for the second time "to maximize the value of its business." According to court documents, the retailer, which includes the sister-store Icing, is looking for a buyer to purchase the company.

"This decision is difficult, but a necessary one," said Chris Cramer, CEO of Claire's. "Increased competition, consumer spending trends, and the ongoing shift away from brick-and-mortar retail, in combination with our current debt obligations and macroeconomic factors, necessi

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