Claire's , a mall boutique chain favored by tweens, teens and young women, is set to close more than 290 stores as part of its bankruptcy process.
Claire's Holdings LLC , which announced on Aug. 20 it had sold its North American business to private equity firm Ames Watson for $104 million, listed more than 290 stores it planned to close in a court filing on Monday, Aug. 25.
Stores to be closed include 235 Claire's locations in the U.S. and 56 Icing stores. The filing also listed 830 stores – 785 Claire's locations and 45 Icing locations – not expected to close immediately.
The move comes after the company, which filed for bankruptcy earlier this month, noted in a subsequent court filing days later it would likely need to close more than 1,100 stores if it didn't find a buyer.