Claire's in Dortmund: Bankruptcy threatens – closures in the Thier-Galerie!

Claire's in Dortmund: Bankruptcy threatens – closures in the Thier-Galerie!

The development at Claire's, the popular American jewelry and accessories chain, is dividing opinions in the world of retail. On August 16, 2025, the company filed for bankruptcy and plans to close 700 stores across the United States, causing concern among customers and employees alike. Ruhr24 reports that the shop in Dortmund's Thier-Galerie could also possibly be affected.

The bankruptcy is not the first of its kind for Claire’s; it is the second in just seven years. The company, severely plagued by financial problems, is looking for a buyer. If this is not found, all 1,500 branches in North America are at risk and could close permanently. Neither the Claire's shop in Dortmund nor the center management of the Thier-Galerie have been able to provide a statement on the tense situation.

Background to the bankruptcy

The main reasons for the financial difficulties are the increasing competition from online trading and the dwindling attractiveness of shopping centers. Particularly in the piercing segment, Claire's has felt significant pressure from up-and-coming tattoo studios that also offer piercing services. The new US trade tariffs have also significantly increased costs for Claire's, as approximately 75% of its goods come from China, resulting in an estimated annual additional cost of $30 million.

Despite price increases and attempts to change the range, customer frequency has not improved. So the future of Claire's Thier Gallery location remains uncertain as the company prepares for clearance sales in the US.

Claire’s in Memphis – an example of successful strategies

The Memphis location, which offers a wide range of trendy accessories, offers a look at Claire’s global success stories. According to Claire’s Memphis, technology, beauty, bags and fashion come together here. Claire's is particularly popular with children as a toy store, with brands such as JoJo Siwa and Pusheen. Events, including birthday parties, can be hosted in-store, enhancing the shopping experience.

Because Claire's also employs experienced ear piercing specialists, piercings are even offered for babies and toddlers, with materials such as 14K white gold and diamonds available. However, these positive aspects come against the background of uncertainties in corporate management.

A look at the American entertainment horizon

Whether Claire’s can maintain its place in the industry remains to be seen. But the challenge of proving oneself in a rapidly changing market is nothing new - and as the story of “American Idol” shows, challenges can often lead to new opportunities. As the company prepares for turbulent times, many are hoping for a positive turnaround for the stores that still exist.