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In 1961, Rowland Schaefer founded Fashion Tress Industries, a company that sold wigs and became the world's largest retailer for fashion wigs. [7] In 1973, Fashion Tress acquired Claire's, a 25-store jewelry chain, and began shifting its focus towards a line of fashion jewelry and accessories under the new name, Claire's Accessories, Inc. [7] Claire's Accessories began providing ear piercing ...
The jewelry chain Claire's, which filed for bankruptcy protection on Monday, says that plunging customer traffic to shopping malls led to its decline.
I would like to apologize to my former self for depriving us of the perfection that is Claire's for so long.
Claire's filed for bankruptcy on March 19, 2018, and closed 92 stores in the process. [93] It emerged from bankruptcy in October. [94] Coldwater Creek closed all stores in 2014 and became an online-only retailer operated by Sycamore Partners [95] until a new store opened in Burlington, Massachusetts in early 2018. [96]
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Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada.
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