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Retailer Claire's Files Bankruptcy

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19 hours ago

RICCARDO MILANI/AFP/Getty ImagesEarlier today, Claire’s, our most nostalgic accessories retailer, declared bankruptcy.“This decision is difficult, but a necessary one,” said Chris Cramer, CEO of Claire’s in a statement. “Increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail, in combination with our current debt obligations and macroeconomic factors, necessitate this course of action for Claire's and its stakeholders.” Now where will tweens gather after grabbing an Auntie Anne’s pretzel and Orange Julius?!Truly, between the ages of 9 and 14, no...

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19 hours ago
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