It’s always been a shopping staple for young girls and teenagers.
But now, this could be the end for Claire’s Accessories.
The shop proved popular in our teen years, selling everything from our glitter butterfly hair clips, to school bags, neon tattoos and more.
Not to forget when ear piercing became available in-store, we all basically pleaded with our parents to get it done.
It seems like a rite of passage for teenage girls in Ireland, but now it has been revealed that the jewellery store is in a lot of danger, and could very soon go into bankruptcy.
US credit rating firm, Fitch Ratings, is reporting that Claire’s is in major debt, and the figure is actually quite shocking.
According to commercial website Retail Dive, which published the findings, the store reportedly owes $1.799 billion (€1.51b) in the US alone. Ouch.
With that amount of growing debt, included with awful interest rates, it’s not looking good for Claire’s Accessories.
Let’s just hope it can somehow climb out of it.
