Claire's stores considers bankruptcy for US operations

Claire’s Stores Inc. is considering bankruptcy for its US operations due to weak demand, high import costs, and significant debt.

The company is collaborating with Houlihan Lokey Inc. to improve its finances and explore a sale of its operations. Interest has been shown in its European assets, though no final decision on reorganization has been made.

After a 2018 bankruptcy, Claire’s has struggled with rising import costs and declining consumer spending. With a term loan of about $477 million due in December 2026, the company has deferred interest payments to conserve cash.