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Mall-base fashion accessory chain Claire's files for bankruptcy for second time, could close more than 1,000 stores.

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Claire's is among several notable major retailers to have filed for bankruptcy within the last decade including Party City, Z Gallerie, Forever 21 and Rite Aid.

The Illinois-based company is $690 million in debt due to increased competition, high rent costs and new tariffs.

More than a dozen Claire’s stores, as well as a few Icing stores, appear to be the first set to close after the mall-based retailer filed for bankruptcy last week.

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