Claire's, the US-based jewelry retailer specializing in products for pre-teens and teens, has filed for Chapter 11 bankruptcy protection for the second time, with the previous filing occurring in 2018. The company cited a slowdown in consumer spending and the impact of President Donald Trump's tariff policies on its global supply chain as key factors contributing to its financial difficulties. Claire's reported liabilities estimated between $1 billion and $10 billion in its Delaware court filing. Despite the bankruptcy filing, the retailer intends to keep stores open during the restructuring process but has identified certain locations that will be closed. The company is also seeking creditor protection in Canada. Claire's is privately controlled by private equity and faces challenges including a heavy debt load, increased online competition, and the effects of import tariffs. The retailer is known for selling jewelry, ear-piercing services, and colorful accessories primarily targeting the tween demographic.