Claire’s Enters Administration, 150 Stores Face Closure

Claire’s, the popular accessories chain known for ear piercings and colorful jewelry, has entered administration for the second time, putting approximately 150 stores and 1,000 jobs at risk just four months after a previous rescue. Despite continuing to trade, the company’s owner, Modella, cited challenges in achieving profitability, exacerbated by government tax policies and landlord demands. Claire’s, which once thrived with hundreds of UK locations, has faced significant losses and competition from online retailers. The ongoing struggles reflect broader issues impacting the high street, with experts indicating a cycle of store closures affecting retail viability.

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