Edit ModuleShow Tags

Noooo! One of Your Tween’s Fave Stores Is Filing for Bankruptcy

Could this mean goodbye to sparkly hair bows, technicolor chokers and unicorn makeup?


Published:

Photo courtesy of Dina El Nabli
 

If your budding fashionista is all about accessorizing, odds are you’ve made more than a few trips to Claire’s. And that means you’ll either be sad or thrilled to know that Claire’s Stores Inc. is prepping to file for bankruptcy. The Chapter 11 filing will allow the chain to continue operating until it settles on a turnaround effort, though some worry this could mean the potential end for this tween haven.

The company is closing on a deal that’ll switch its ownership in an effort to ease a debt of $2 billion (that’s more than 10 times what Claire’s earns in a year). Claire’s has been struggling for a while, largely due to online competitors. New attempts to up revenue include agreements to sell products in CVS pharmacies and Giant Eagle supermarkets.

Another struggle? Lab tests commissioned by the US Public Interest Research Group (PIRG) on 15 makeup products containing talc (four of which were from Claire's) found that three of the Claire's products had high levels of asbestos. Claire's denied the results, saying the company's own extensive tests found their products to be asbestos-free (that's after the store pulled items from shelves last December after a different independent lab found asbestos contamination, which the company also denied). 

We’re crossing our fingers for Claire’s. After all, where else can we bring our favorite little shoppers to get their ears pierced for free?

 

Edit ModuleShow Tags

Archive »Related Content

Things To Do This Weekend, August 17-19

Get the most out of your weekend at these NJ area events. We found more than 30 for you to choose from.

An Instaworthy Pop-Up Candy Exhibit Is Coming to NYC in August

Get your golden ticket ASAP to this three-month installation dedicated to all things sweet.

Heads Up, American Girl Lovers! We Have Big News

Head to Hershey, PA to pick up your kid’s favorite doll at a discount.

Obsessed With High-End Designers? This Luxury Garage Sale Is Just for You

This month-long pop-up boasts big discounts on coveted brands.

Get Your 2-for-1 Tickets for Broadway Week

Broadway tickets don’t have to break the bank this season, check out these two for the price of one and free kids deals!

Add your comment: