Why Claire’s is closing 700 US stores, mulling liquidation
Published Wednesday, August 20, 2025 11:00 am
by Daphne Howland

This is a summary

"Claire’s Chief Executive Officer Chris Cramer, appointed last year, is also the retailer’s chief operating officer and chief financial officer, a consolidation of top roles that symbolizes the company’s cash-strapped operation. The mall accessories and ear-piercing chain, once a magnet for the middle-school crowd, has moved from bejeweled to bedraggled — in bankruptcy court for the second time in seven years and looking for a buyer.

It’s set to shutter 700 stores, including all Walmart shop-in-shops and Icing stores, and may liquidate its entire 1,500-store footprint in North America if a buyer doesn’t come forward. In addition to the North America operations now under Chapter 11, the company has many locations, concessions and franchises overseas."

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Why Claire’s is closing 700 US stores, mulling liquidation | RetailDive

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Why Claire’s is closing 700 US stores, mulling liquidation | RetailDive

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