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Pascack Valley Daily Voice serves Emerson, Hillsdale, Montvale, Park Ridge, River Vale, Washington Township, Westwood & Woodcliff Lake

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business

Sparkly Jewelry Store Giant Claire's Files For Bankruptcy

Claire's has filed for bankruptcy.
Claire's has filed for bankruptcy. Photo Credit: Wikipedia

Accessory and jewelry store giant Claire's filed for Chapter 11 bankruptcy Monday.

Claire's Stores Inc. hopes to clear $1.9 billion in debt and close some underperforming stores.

Claire's has locations in 99 percent of malls across the U.S., selling cubic zirconia jewelry and other low-priced accessories.

The store claims to be the world’s leading ear piercer, having pierced over 100,000,000 ears worldwide, and nearly 3.5 million last year in the U.S. alone.

Claire's has several locations across Bergen and Passaic counties:

  • The Shops at Riverside
  • Garden State Plaza
  • Bergen Town Center
  • Paramus Park Mall
  • Willowbrook Mall

Claire's earned $29 million in profit last year and $1.3 billion in revenue.

It has not announced which stores will be closing.

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