Ear-piercing chain Claire's files for bankruptcy - Free Audiobook

Claire's, the mall chain that has pierced the ears of millions of teens, has filed for Chapter 11 bankruptcy protection. The company said Monday its stores will remain open as it restructures its debt. Accessories and jewelry store Claire's has filed for Chapter 11 bankruptcy protection.The mall chain, which has pierced the ears of millions of teens, says its stores will remain open as it restructures its debt.Claire's is just the latest retailer to seek bankruptcy protection, close stores or go out of business entirely.Toys R Us announced last week that it would close or sell all its stores after filing for bankruptcy.Privately held Claire's says it expects to emerge from bankruptcy in September.