@clairestores.com
World's largest fashion jewelry & accessories retailer
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Claire's Stores, headquartered in Hoffman Estates, Illinois, United States, is a specialty retailer that primarily focuses on fashion accessories and jewelry for young women and teens. The company was founded in Chicago in 1961 by Rowland Schaefer as Fashion Tress Industries, a wholesaler of wigs and accessories. In 1973, it changed its name to Claire's Boutiques and began opening retail stores in shopping malls across the United States.
Claire's Stores' main products include earrings, bracelets, necklaces, hair accessories, cosmetics, and more. It offers a wide variety of trendy and affordable accessories, targeting its core customer base of young female consumers. The company operates over 2,200 stores across the United States and in various countries worldwide, including Europe, Asia, and the Middle East.
In terms of global operations, Claire's Stores has several noteworthy subsidiaries and joint ventures. In 1996, it acquired Icing, a retail concept aimed at slightly older women, expanding its product range. Claire's also operates stores under the brand name Bows, which sell primarily hair accessories.
Moreover, the company has partnerships with various licensors, such as Disney and Universal, to offer licensed merchandise. These partnerships allow Claire's to capitalize on popular brands and characters. In terms of market position, Claire's Stores is a leading specialty retailer of accessories globally.
The company's global sales have been strong, with a presence in more than 44 countries. Claire's competes with other fashion accessory retailers like Forever 21 and Accessorize. While it faces competition from e-commerce brands and the decline of traditional mall traffic, Claire's maintains a strong position due to its dedicated customer base and extensive store network.
In recent years, Claire's Stores faced financial challenges and filed for bankruptcy in 2018. However, the company emerged from bankruptcy after reducing its debt burden and implementing strategic changes. These changes included store closures and streamlining operations to focus on its core business.
As of the latest update, Claire's Stores continues its operations, with ongoing efforts to adapt to changing consumer trends and preferences. The brand remains popular among young women and teens, and its physical stores provide a unique shopping experience for its target audience
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