BUSINESS DIGEST || Claire's files for bankruptcy


March 20, 2018 at 12:00a.m.

NEW YORK

Claire’s, the mall chain that has pierced the ears of millions of teens, has filed for Chapter 11 bankruptcy protection.

The accessories chain said Monday that its stores will remain open as it restructures its debt.

It’s just the latest retailer to seek bankruptcy protection, close stores or go out of business entirely as more people skip the mall and shop online.