Claire's plans to list its stock on the New York Stock Exchange under the symbol CLRS. The company, based on Hoffman Estates, Ill., listed a net loss of $144.3 million for the second quarter of fiscal 2021, compared with a loss of $38 million in the second quarter of fiscal 2020.30 Sept 2021
Is Claire going out of business?
Claire's, known in part as the ear-piercing capital of the American mall — the chain said once it had pierced millions of ears over its life — filed for bankruptcy in March 2018. Like dozens of other retail chains to file for Chapter 11 in recent years, Claire's was hobbled by debt from a private equity takeover.30 Sept 2021
Is Claire's an American company?
Claire's (formerly known as Claire's Boutiques, Claire's Boutique and Claire's Accessories) is an American retailer of accessories, jewelry, and toys primarily aimed toward tween and teen girls. It was founded in 1961 and is based in Hoffman Estates, Illinois, a suburb of Chicago.
Is Claire's a public company?
Claire's was listed on the NASDAQ in 2005, but was taken private by the private equity firm Apollo Global Management in a $3.1 billion leveraged buyout in 2007.
What company owns Claire's?
Claire's Holdings LLC
How is Claire's doing financially?
For the first half of fiscal year 2021, Claire's saw same-store sales increase 29.9% compared to the same period in 2020, and 14.2% compared to 2019. Its net sales hit $355.7 million during the second quarter of 2021 and $910.3 million for its fiscal year ending .30 Sept 2021
Why did Claire's go out of business?
In March 2018, Claire's filed for Chapter 11, after being saddled with heavy debt from its 2007 purchase by Apollo Global Management. The bankruptcy was “pre-packaged,” and the company exited the process in seven months.1 Oct 2021