Claires, the teenage teenage center destination, bankruptcy files with assets and liabilities rang

Claire Holdings LLC and some of the United States-based subsidiaries and Jabal Tariq, based in Gibraltar, Claire Claire, the Claire store operator and ice stores across the United States, provided a deposit in the US Banking Court in Dillauer on Wednesday. That is a sign The second time since 2018 For a similar reason: carrying high debts and turning among adolescents who are heading online away from physical stores.

Chapter 11 File follows other teenage retailers of retailers Forever 21, Which was presented in March to protect bankruptcy For the second time In the end, she closed her American business with American shopping centers fading and fading competition from online retail traders AmazonTimo and Sheen intensified.

Claires, based in Hoffmann Estates, and its founding in 1974, said that its stores in North America will remain open and will continue to serve customer, while exploring all strategic alternatives. Claire runs more than 2750 stores in Claire in 17 countries throughout North America, Europe and 190 stores in North America.

In a court file, Claire said that its assets and opponents ranged between one billion dollars and 10 billion dollars.

“This decision is difficult, but it is necessary.” “Increased competition, consumer spending trends and continuous shift away from bricks and mortar shells, in conjunction with current debt obligations and macroeconomic factors, require the course of work to Klier and the stakeholders.”

Like many retailers, Claire was also struggling with the high costs associated with President Donald Trump tariff Analysts said.

Kramer said that the company is still in “active discussions” with potential strategic and financial partners. He pointed out that the company is still committed to its customer service and partnership with its suppliers and real estate owners in other regions. Claire also intends to continue to pay employee wages and benefits, and will seek approval to use cash guarantees to support their operations.

Neil Sonders, the administrative director of Globaldata, a research company, pointed out in a memorandum published on Wednesday to Claire’s bankruptcy to “no real surprise.”

“The series has been overwhelmed by a cocktail of problems, interior and external, which made it impossible to stay standing on his feet,” he wrote.

Sonders noticed that he was internally, Claire struggled with high debt levels that made her operations unstable and said that the monetary crisis left her with a great choice but to reorganize it through bankruptcy.

He also pointed out that the customs tariff paid costs up, and I believe that Claire is not in a position to manage this last challenge effectively.

Competition has also become more intense and more intense over recent years, as retailers such as the younger -year -old Lovisa jewelry chain offer a more sophisticated price. He also pointed to the increasing competition with online players such as Amazon.

“The re -invention will be a long arrangement in the current environment,” he added.