With mall attendance at an all-time low, a wave of retailers has been closing its doors — and accessories chain Claire’s is about to be added to that list.
With its heavy reliance on mall attendance, the once go-to store for free piercings hit $2 billion in debt and is preparing to file for bankruptcy. But that doesn’t mean we have to bid farewell to Claire’s quite yet.
By filing for bankruptcy, the retailer can continue to operate with new initiatives for expansion like partnering with Giant Eagle supermarkets and CVS drugstores.
How do you feel about Claire’s closing its doors? Weigh in on the comments below.
xx, The FabFitFun Team
