The store announced that it was filing for Chapter 11 bankruptcy on August 6, 2025.
“This decision is difficult, but a necessary one,” CEO Chris Cramer said in the release. “Increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail, in combination with our current debt obligations and macroeconomic factors, necessitate this course of action for Claire’s and its stakeholders.”
The bankruptcy filing also highlighted tariffs as a contributing factor.
“Claire’s was not immune from the continued trend away from brick and mortar and more recent macroeconomic challenges, including higher interest rates, labor costs and, most recently, tariffs,” the filing said. “While Claire’s took many steps over the last few years to address these and other challenges, it was not enough to overcome the obstacles.”
Claire’s is set to close 700 locations, including Icing stores. If it fails to find a buyer, the brand could liquidate its remaining thousand-plus store footprint in North America.
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