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 - known for piercing millions of teens’ ears - has filed for bankruptcy for the second time since 2018.

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

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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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