Claire’s, the mall accessories chain, is in crisis as it enters bankruptcy for the second time in seven years, planning to shut 700 stores—including all Walmart shop-in-shops—and may liquidate its entire 1,500-store North American footprint if no buyer emerges. Despite surviving the pandemic, Claire’s faltered due to rising tariffs, persistent inflation, and declining mall traffic.
Key Takeaways
- Claire’s may liquidate all stores, including Walmart locations.
- Cost pressures and failed partnerships worsened losses.
- Intensifying competition eroded its youth shopper appeal.
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