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

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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

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This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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