Claire's, the popular ear-piercing mall store, has filed for Chapter 11 bankruptcy for the second time in seven years. The brand will be closing at least 18 storefronts, but most locations will remain open during the process. Claire's faces financial challenges due to rent defaults, tariffs on Chinese goods, and competition from online retailers. The company's $500 million debt is due in December 2026, and they are exploring strategic alternatives to address this financial burden.