Claire’s plans to file its pre-negotiated plan of reorganization in April.
Claire’s said it has the support of most of its debt holders, and plans to exit bankruptcy in September 2018.
Shoppers are making do with what they have, and scaling back discretionary spending.
The accessories retailer adopted a mobile-first approach to appeal to Generation Z.
Companies that have transferred assets include J. Crew, Neiman Marcus and Claire’s Stores.