Find in the news:

Back-To-School Could Be Make Or Break For This Retailer

Teen retailer Claire Store’s is hoping to knock it out of the park for the upcoming back-to-school shopping season.
A wave of bankruptcies and reorganizations have shaken up the retail industry, and there’s been plenty of speculation on which of the other major players may be in trouble. Unfortunately, there tends to be a domino like effect in some struggling industries, and others become more apt to explore options once the dust settles on the initial shock. One retailer is counting on a healthy sales bump from one of its busiest times of the year to insure survival. 

According to the New York Post, teen retailer Claire Store’s is hoping to knock it out of the park for the upcoming back-to-school shopping season. Disappointing results could even lead the retailer on the road to financial reorganization. 

“The situation depends on the real cash flow in the next couple of months. You have to think more likely than not it will result in bankruptcy,” a source told the Post. 

Claire’s has over 3,000 locations worldwide and a presence in 95% of all US shopping malls, but is currently saddled with a substantial amount of debt that makes profitability a near impossibility. The accessory retailer is counting on strong sales from back-to-school shopping, which it counts as its second busiest time of the year behind the holiday shopping season. 

Claire Store

 The retailer was founded in 1961 and is headquartered in a suburb of Chicago. Apollo Global Management purchased the business in 2007, and the company’s debt level increased exponentially. All told, the company is on the hook for $2.4 billion with lenders, and $110 million in interest is coming due. For a company that projects only $72 million in profits for the six month stretch that ended June 30, that adds up to trouble.  

“When I owned the company, it was a real gem,” said Marla Schaefer, former vice chair of Claire’s whose family founded the business.    

Same-store sales have been declining, and are currently down about 5.9% in comparison to last year. The company has employed an aggressive discounting strategy to move merchandise, and are banking on back-to-school shoppers helping to stem the tide. 

“This is still an emerging situation, and no one knows how it will turn out,” the source continued. 

Related shopping malls and stores:

More about shopping malls in the USA

Simon Property Group has reported 80% revenue growth compared to June 2020.
The introduction of a tax would address several issues related to the growing consumption of animal meat.
Jul 29, 2021, USA:
Tesla stores are leaving mallsThe electric car maker is taking another blow to the position of malls that are losing tenants one-by-one.
Jul 29, 2021, Estonia:
The initial value of the 55,000 sq.m. complex is €85 million.
Jul 28, 2021, United Kingdom:
Two years after Philip Morris announced its plans to expand the British chain, it has become known of its intention to close it completely.
Jul 28, 2021:
Those who have not been vaccinated will not access public spaces, such as government offices, restaurants, and shopping malls.
and Follow
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona

Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by administrator.


Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by administrator.

Sign in
Sign in please, if you already have an account


Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please. Team
Thank you for message!
In the near future you will be contacted the manager
for further details. Team
Good mall, bro!
In the near future you will be contacted the manager
for further details. Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details. Team

Write to us