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Claire's Reveals What's Killing It

  • Category business
  • Definition HD
  • Resolution 1280 x 720
  • Duration 00:00:39
  • Year 2018
  • Language English

Claire's Reveals What's Killing It

Claire's filed for bankruptcy protection on Monday. And it says it knows exactly what's killing it: dying malls. The affordable jewelry and accessories chain beloved by tweens and teens says that plunging customer traffic to shopping malls led to its decline. According to Business Insider, the company's struggles are the latest sign that teens are eschewing malls and spending more money on food and technology than on clothing and accessories.

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