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

Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
and Follow
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw

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