Claire’s Is Reportedly Filing for Bankruptcy, So R.I.P to Your Childhood
The mall staple is apparently struggling financially.


Claire’s, a mecca for middle school girls who want cheap accessories and free ear piercings, is reportedly about to make a drastic move to deal with its financial issues. Bloomberg, citing unnamed sources, reports that Claire’s is preparing to file for bankruptcy in the next few weeks, and would pass control of the chain from their parent company, Apollo Global Management LLC, to lenders who would help ease the company’s $2 billion in debt.
According to The Hollywood Reporter
The company has lately been struggling with dwindling customer numbers and competition from online retailers, and has been trying to get its products in other stores like drugstores or supermarkets. And of course, it’s one of many retailers that are dealing with financial struggles, from Macy’s (opens in new tab) to Payless ShoeSource (opens in new tab) to Toys R Us (opens in new tab).
The Independent notes that Claire’s sells its products in 4,220 locations in 45 countries; it’s also apparently the world’s most popular ear piercer, with 3 million ears pierced at Claire’s each year. And of course, it’s essentially the number-one retailer for kids’ first school dances and princess Halloween costumes. If this bankruptcy deal leads to Claire's closing up shop, girls across the country will lose a favorite, and so will grown-up women who remember the chain fondly. Even if those tiaras and earrings broke after two minutes of wear.
-
Warm-Weather Fragrances to Spritz Anytime and Anywhere
Scents to bask in.
By Gabrielle Ulubay
-
Circle Bags are The It-Bag of Summer 2022
You spin me right 'round baby, right 'round.
By Julia Marzovilla
-
Kim Kardashian Has Doubled Down on Pete Davidson Tributes in the Last Few Days
Pete and KiKi, sitting in a tree...
By Iris Goldsztajn
-
The 13 Best Eyeglass Chains Out There
This isn't your grandmother's accessory.
By Julia Marzovilla
-
18 Luxury Mother's Day Gifts When She Deserves Something Really Special
These elevated finds speak for themselves.
By Sara Holzman
-
The 32 Best Pairs of Sunglasses for Summer 2022
Here's to sunny days.
By Julia Marzovilla
-
The 13 Sandals Brands We Can't Get Enough Of
Your go-to list for sandals you can rely on.
By Julia Marzovilla
-
The 10 Best Crossbody Bags to Wear With Everything
This versatile accessory is the key to our closets (and hearts).
By Sara Holzman
-
The 100+ Best Online Shopping Sites to Bookmark
From fashion and beauty to home and decor, our favorite online stores cover every category.
By The Editors
-
The 34 Best Summer Boots You'll Abandon Your Sandals For
Perfect for pairing with your floatiest dresses.
By Julia Gall
-
The 32 Best Summer Hats You'll Love Even If You're Not a "Hat Person"
Shield your face from the sun in style.
By Rachael Noll