Claire's, the ear-piercing mall chain, files for bankruptcy
Claire's, the mall chain that has pierced the ears of millions of teens, has filed for Chapter 11 bankruptcy protection.
NEW YORK (AP) - Claire's, the mall chain that has pierced the ears of millions of teens, has filed for Chapter 11 bankruptcy protection.
The company said Monday its stores will remain open as it restructures its debt.
Claire's is just the latest retailers to seek bankruptcy protection, close stores or go out of business entirely. Toys R Us announced last week that it would close or sell all its stores after filing for Chapter 11 bankruptcy protection last year.
Privately held Claire's says it expects to emerge from bankruptcy in September.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.