Fair 59°
Tag:

Chris Cramer

Business
Claire’s To Close Multiple CT Stores As Bankruptcy Restructuring Expands Claire’s To Close Multiple CT Stores As Bankruptcy Restructuring Expands
Claire’s To Close Multiple CT Stores As Bankruptcy Restructuring Expands The future of Claire’s in Connecticut is becoming clearer as the jewelry retailer works through bankruptcy and a new ownership deal. A list released in federal court shows that two Claire’s stores in the state will not survive the latest round of closures. Claire's announced this week it would close 290 locations, which include the company's jewelry and fashion store, Icing.  The Icing store at The Shoppes at Buckland Hills in Manchester will shut its doors, though the Claire’s at the same mall will remain open. Claire’s locations at Brass Mill Center & Commons in Waterbury an…

SHARE

by Josh Lanier
Business
Claire's Closing Three CT Stores, 290+ Nationwide After Bankruptcy Filing: See Which Ones Claire's Closing Three CT Stores, 290+ Nationwide After Bankruptcy Filing: See Which Ones
Claire's Closing Three CT Stores, 290+ Nationwide After Bankruptcy Filing: See Which Ones Claire's has revealed nearly 300 of its stores that will be closing as the popular mall brand navigates bankruptcy. The well-known children's jewelry and ear-piercing retailer released a list of the 291 locations that are shuttering in a bankruptcy court filing on Monday, Aug. 25. That includes 71 Claire's and Icing stores across the Northeast. The closures add to the financial pressure facing the mall chain, which filed for bankruptcy earlier in August. Claire's is working to restructure nearly $500 million in debt by December 2026, Bloomberg reported. Columbia, Maryland-based Ames W…

SHARE

by Chris Spiker
Business
Claire's Finds Buyer To Keep Mall Brand Alive: See Which Stores Will Close Claire's Finds Buyer To Keep Mall Brand Alive: See Which Stores Will Close
Claire's Finds Buyer To Keep Mall Brand Alive: See Which Stores Will Close Famous ear-piercing retailer Claire's has found a buyer as the struggling mall staple navigates bankruptcy and prepares to close more than a dozen stores. Claire's reached a deal with Ames Watson, which will acquire its North American business and intellectual property, the chain announced on Wednesday, Aug. 20. The agreement comes less than two weeks after Claire's declared bankruptcy for the second time since 2018. The deal must be approved by courts in the US and Canada. The companies didn't disclose the agreement's financial terms. Ames Watson is a private holding compan…

SHARE

by Chris Spiker
Business
Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon
Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon Famous tween retailer Claire's is declaring bankruptcy as the popular mall chain struggles with debt, shrinking traffic, and trendy competition. Claire's is filing for bankruptcy in Delaware and Canadian courts, the company said in a news release on Wednesday, Aug. 6. The retailer known for children's jewelry and piercings is in a race to pay off a nearly $500 million loan by December 2026, Bloomberg reported. The move will allow Claire's to begin selling off assets while continuing talks with potential buyers, according to CEO Chris Cramer. "This decision is difficult, but …

SHARE

by Chris Spiker