Claire's files Chapter 11

[TheFugitive]

Claire's, the costume jewelry chain marketed at teens, and a longtime fixture in malls, has filed for Chapter 11 bankruptcy.

https://www.msn.com/en-us/money/companies/teen-jewelry-retailer-claires-files-for-chapter-11-bankruptcy/ar-AA1K15hE?ocid=BingNewsSerp

Their debt situation does not seem to be as dire as in other recent cases such as Rite Aid, so it appears they have a shot to come out of this in some form. Though I have to believe that store closings are coming.