The teen accessories chain Claire's filed for Chapter 11 bankruptcy on Monday, and will close 92 stores this month and in April. The company announced it has reached an agreement with creditors to restructure $1.9 billion in debt, and is "confident" it will emerge from bankruptcy protection in September. The chain has 1,600 locations in the United States, mostly in malls, which don't have the foot traffic they used to, due to competition from big box stores and online merchants.
Similar Stories to Claire's Files For Chapter 11 Bankruptcy on Bing News
OnlineEditor@theweek.com (Catherine Garcia), The Week
Mon, 03/19/2018 - 5:38pm
BING NEWS:
- A teen clothing retailer is going out of business and closing all its stores
223 Parkway Drive, Fort Oglethorpe, GA 30742 3450 Wrightsboro Road (Suite 1240), Augusta, GA 30909 2620 Watson Boulevard (suite 9), Warner Robins, GA 31093 3661 Eisenhower Parkway (ste# 35), Macon, GA ...
05/3/2024 - 5:55 am | View Link - rue21 files for bankruptcy, plans to close all its stores: Full list of locations
223 Parkway Drive, Fort Oglethorpe, GA 30742 3450 Wrightsboro Road (Suite 1240), Augusta, GA 30909 2620 Watson Boulevard (suite 9), Warner Robins, GA 31093 3661 Eisenhower Parkway (ste# 35), Macon, GA ...
05/3/2024 - 5:55 am | View Link - Another drugstore chain files for Chapter 11 bankruptcy
A small drugstore chain files Chapter 11 bankruptcy facing tough competition from major retail chains with pharmacies.
05/2/2024 - 3:23 pm | View Link - Another popular mall retailer files for Chapter 11 bankruptcy
Once high flying retailers that teens and adults grappled for on a busy Saturday afternoon, like Express, Forever 21, Macy's, and Gap are now relics of the past. Many have shuttered hundreds of stores ...
05/2/2024 - 7:09 am | View Link - 'I am destroyed': Widow of slain GTA soccer ref pleads for info to husband's unsolved murder
On the evening of Oct. 9, 2022, Alvarado, a futsal referee, was one of three people shot at La Liga Sports Complex, near Finch Avenue West and Dufferin Street. He was rushed to the hospital, but died ...
05/1/2024 - 11:54 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more