(NEXSTAR) — More than a dozen Claire’s stores, as well as a few Icing locations, are set to close in the coming weeks after the former filed for bankruptcy — including one location in Greece.
Illinois-based Claire’s, which also operates Icing, announced Wednesday that it was voluntarily beginning Chapter 11 bankruptcy proceedings “to maximize the value of its business.”
“This decision is difficult, but a necessary one,” Chris Cramer, CEO of Claire’s, said in a press release, citing pressure from “increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail,” as well as debt obligations and “macroeconomic factors.”…