Connect with us

Headlines

On the Verge of Bankruptcy, Claire’s Needs a Big Back-to-School Season

Published

on

Teen jewelry retailer with 3,000 stores is drowning in debt.

Claire’s Stores is hoping for a strong back-to-school season to lift the bottom line of the teen jewelry and accessories retailer, which is “loaded with so much debt that sucks every penny of profit off its books,” the New York Post writes. The article says that Claire’s is discounting to move product during back-to-school, the second-busiest time of year for the 3,000-store chain. But even with a surge in sales, the retailer’s outlook is bleak. “The situation depends on the real cash flow in the next couple of months,” an anonymous source told the Post. “You have to think more likely than not it will result in bankruptcy.”

Read more at the New York Post

Advertisement

SPONSORED VIDEO

Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success

After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone. Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently. The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.

Promoted Headlines

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular