It’s happened again. For the second time in seven years, everyone’s favorite accessories store, Claire’s, has filed for bankruptcy.
The company shared the news in a press release on August 6, 2025, but this does not mean the end for the ear-piercing mecca.
Are all Claire’s stores closing?
“This decision is difficult, but a necessary one. 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, necessitate this course of action for Claire’s and its stakeholders,” said Chris Cramer, CEO of Claire’s, in the release. “We remain in active discussions with potential strategic and financial partners and are committed to completing our review of strategic alternatives.”
However, it was revealed that most North American stores will remain open and “continue to serve customers while the Company continues to explore all strategic alternatives.”
The release continued, “I’d like to express my gratitude for our employees, who have continued to work diligently in a constantly evolving consumer landscape to deliver amazing products and experiences for our customers. We remain committed to serving our customers and partnering with our vendors and landlords in other regions during this time.”…