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International Business Times UK

Seneca Cabrera

Claire's Accessories Filed For Bankruptcy Twice: Are Stores Closing Down For Good?

Claire United Kingdom United States Claire Accessories Ireland

A photo of a Claire's Accessories store. (Credit: clairesstores/Instagram)

Claire's Accessories has filed for bankruptcy for the second time in seven years, raising fears over the future of its high street stores in the UK and Ireland.

The retailer has entered administration in Britain while also seeking Chapter 11 protection in the US, putting more than 2,000 jobs and hundreds of stores at risk. The move comes amid falling sales, high inflation and growing competition from online rivals.

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