Yet another major shopping mall retailer has announced it will close many stores as it navigates Chapter 11 bankruptcy.
Claire’s, a fashion and jewelry chain aimed at teen and “tween” girls, is slated to close nearly 300 locations, the company revealed in a court filing on Monday. The closures include 235 Claire’s locations and 56 Icing stores. Icing targets older teens and young adult women.
A timeline for the closures was not released.
The move follows Claire's bankruptcy filing earlier this month when it signaled it might need to close more than 1,100 stores if a buyer didn’t emerge.
"This decision is difficult, but a necessary one,” Claire’s CEO Chris Cramer said in a statement at the time. “Increased competition, consumer spending trends and the ongoing shift away from brick-and-m