According to the company’s court filings, a total of 18 Claire’s and Icing locations will close, with clearance sales ...

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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For more than 50 years, Claire’s has been a popular mall-based destination for teens and tweens known for its accessories and ear-piercing services. The company, however, has had some rocky financial ...