Another iconic home improvement and hardware retailer True Value Co. and seven affiliates, which provide wholesale hardline products to 4,500 independently owned retailers, filed for Chapter 11 bankruptcy protection on Oct. 14, 2024, and sold its assets to hardware, lumber, and building materials cooperative Do it Best Corp.

Claire's filed for bankruptcy in Delaware on Wednesday, marking the second time the jewelry accessories chain geared toward adolescents has entered Chapter 11 proceedings.

The retailer has struggled since its 2018 bankruptcy and isn’t well positioned for tariffs and other economic headwinds, analysts said.