It’s always been a shopping staple for young girls and teenagers.
But now, this could be the end for Claire’s Accessories.
The shop has proved popular in the past number of years, and if you have a young daughter, you no doubt took a trip in there; whether it was to buy a JoJo Bow or to get a little one’s ears pierced.
But now, it has been revealed that the jewellery store is in a lot of danger, and could very soon go into bankruptcy.
US credit rating firm, Fitch Ratings, is reporting that Claire’s is in major debt, and the figure is actually quite shocking.
According to commercial website Retail Dive, which published the findings, the store reportedly owes $1.799 billion (€1.51b) in the US alone. Ouch.
With that amount of growing debt, included with awful interest rates, it’s not looking good for Claire’s Accessories.
Let’s just hope it can somehow climb out of the mounting out of it.
