Claire’s to close remaining UK stores on Tuesday with more than 1,000 job losses
Summary
Claire’s is closing all its remaining stores in the UK, resulting in about 1,000 job losses after more than 30 years on British high streets. The company went into administration in January, and administrators have confirmed that all outlets will shut down, following earlier store closures and job cuts.Key Facts
- Claire’s collapsed into administration in January 2024 after financial struggles.
- More than 100 UK stores will close by Tuesday, ending Claire’s presence on British high streets.
- Around 1,000 jobs will be lost due to the closures.
- Half of the chain’s stores (154 shops) had been saved in August 2023 by investor Modella Capital.
- The remaining 145 stores not rescued were closed in late November 2023.
- Claire’s UK sales declined due to competition from online retailers like Amazon and social media platforms like TikTok.
- US-based Claire’s entered the UK market in 1996 by acquiring Bow Bangles.
- The company’s global operations include over 2,750 stores in 17 countries, popular mainly with teenagers.
- Modella Capital, which owns Claire’s UK stores it saved, is also planning to restructure TG Jones, a former WH Smith division, with possible store closures.
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