California, August 31, 2025
News Summary
Claire’s Holdings, a prominent jewelry retailer, has filed for Chapter 11 bankruptcy, revealing $690 million in debt. The retailer plans to close 291 locations across the U.S., including 23 stores in California, as it seeks to restructure its operations. To assist in this process, Claire’s has reached an agreement with Ames Watson, a private equity firm, to acquire its North American assets. While some liquidation sales will occur, the company aims to keep 830 stores operational and allow customers to redeem gift cards until 2025.
California – Claire’s Holdings, a well-known jewelry and fashion accessories retailer, has filed for Chapter 11 bankruptcy this month in the U.S. Bankruptcy Court in Delaware, citing significant financial struggles amounting to $690 million in debt. This filing marks a critical juncture for Claire’s, as the company also plans to close 291 locations across the nation, including 23 stores in California.
In an effort to restructure and continue operations, Claire’s has entered an agreement with Ames Watson, a private equity firm, that will acquire its North American business operations. As part of the agreement, Ames Watson will pay $104 million in cash and an additional $36 million seller note for the business assets. This acquisition aims to retain existing jobs and maintain partnerships with vendors and landlords while keeping approximately 830 stores operational.
The closure of the 291 stores is set to occur as the company navigates the challenges posed by increased competition, shifting consumer spending trends, and a growing preference for online shopping over traditional brick-and-mortar retail. Although Claire’s has halted liquidation sales at many locations, some facilities will still undergo these sales with 50% discounts initiated at select sites.
As of now, Claire’s operates more than 2,750 stores in 17 countries and has 190 Icing stores in North America. The retailer has identified over 800 stores that are not slated for immediate closure. However, the liquidation process at the 291 closing locations is expected to culminate by September 7, 2025, providing customers a last chance to shop at these affected stores.
Locations Affected in California
The following 23 stores in California are scheduled for closure:
- Oxnard, The Collection At Riverpark
- Emeryville, Bay Street
- Rancho Cordova, Rancho Cordova Town Center
- San Jose, Valley Fair Mall
- Newport Beach, Fashion Island
- Tustin, District At Tustin Legacy
- La Mesa, Grossmont Shopping Center
- City Of Commerce, Citadel Outlets
- El Centro, Imperial Valley Mall
- Citrus Heights, Sunrise Mall
- Tulare, Tulare Outlet Center
- Long Beach, The Pike Outlets
- Rancho Santa Margarita, Rancho Santa Margarita
- Lake Arrowhead, Lake Arrowhead Village
- Barstow, Barstow Outlet Center
- San Dimas, San Dimas Marketplace
- Murrieta, Murrieta Town Center
- Alameda, 863 Broadway
- Chula Vista, Gateway Marketplace
- Novato, Vintage Oaks
- Lakewood, Icing Lakewood Center
- Palmdale, Antelope Valley Mall
- Culver City, Culver City Mall
Future Sales and Promotions
Customers can continue to redeem gift cards and C. Club Rewards in select locations until August 29, 2025. The closures and ongoing sales reflect Claire’s effort to strategically reposition itself within the retail market.
Background Context
Claire’s Holdings is no stranger to bankruptcy, as the company previously filed for bankruptcy in 2018. During that time, it undertook substantial restructuring efforts to adapt to changing market conditions. The current filing represents another attempt by the company to address persistent financial challenges while maintaining its brand presence in a competitive retail environment.
FAQ
What is Chapter 11 bankruptcy?
Chapter 11 bankruptcy is a form of bankruptcy that allows a company to reorganize its debts while continuing operations, rather than shutting down entirely.
How many stores will Claire’s close?
Claire’s plans to close 291 stores nationwide, including 23 locations in California.
What caused Claire’s to file for bankruptcy?
Factors contributing to the bankruptcy filing include increased competition, changing consumer spending habits, and a shift towards online shopping.
When will the store closures take effect?
The process for closing the stores will conclude by September 7, 2025.
Can customers redeem gift cards after the closures?
Yes, customers can redeem Claire’s gift cards and C. Club Rewards in select stores until August 29, 2025.
Deeper Dive: News & Info About This Topic
- Siskiyou Daily News
- Wikipedia: Chapter 11
- ABC10 News
- Google Search: Claire’s bankruptcy
- Fast Company
- Encyclopedia Britannica: Bankruptcy
- Los Angeles Times
- Google News: Claire’s store closings
- KING 5 News
Author: Anaheim Staff Writer
Anaheim Staff Writer The Anaheim Staff Writer represents the experienced team at HEREAnaheim.com, your go-to source for actionable local news and information in Anaheim, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as major conventions at the Anaheim Convention Center, including NAMM and VidCon, exciting games at Angel Stadium and Honda Center, and developments at Disneyland Resort Our coverage extends to key organizations like the Anaheim Chamber of Commerce and Visit Anaheim, plus leading businesses in hospitality, entertainment, and innovation that power the local economy As part of the broader HERE network, including HERECostaMesa.com, HEREHuntingtonBeach.com, HERESantaAna.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
