Claire's Holdings, a teen jewelry retailer known for its accessories and ear-piercing services, has filed for Chapter 11 bankruptcy protection for the second time in seven years. The Illinois-based company, which also operates the Icing brand, cited intense competition from online retailers such as Shein and Temu, high rental costs, and a heavy debt burden as key factors leading to its financial distress. Additionally, the retailer has struggled to manage the impact of increased tariffs on imports implemented under the Trump administration. Following the bankruptcy filing, court documents reveal that more than a dozen Claire's stores, along with some Icing locations, are scheduled to close in the coming weeks. If a buyer is not found soon, the company could face closures of over 1,100 locations across North America. The CEO highlighted shifts in retail trends and competition as major challenges contributing to the decision to seek bankruptcy protection.