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The Washington Post has a piece about Claire's - a mainstay of malls all over America, offering a inexpensive haven "for mall-roving pre-teens in search of charm bracelets ($7.99 for five), ombre glitter headbands ($5.99) and pom-pom-topped pens ($4.99)."

After nearly six decades in business, the story says, "Claire’s is facing an uphill battle to stay afloat. The retailer — which says it has pierced 94 million ears, more than any other company — has reported 11 consecutive quarters of declining sales and racked up more than $2 billion in debt, prompting speculation among analysts that it could be among the next to face big trouble," joining the bankrupt likes of BCBG Max Azria, Rue21, Wet Seal and the Limited.

According to the Post, "It’s been a confluence of bad news for the Chicago-based chain, which has long relied on groups of girls coming into its stores with their weekly allowances or birthday money. Fewer Americans are going to malls these days, and those who do increasingly are shopping at fast-fashion chains like H&M, Forever 21 and Zara, all of which have boosted their accessories sections in recent years. And although Claire’s, which also owns the accessories brand Icing, has built up its website in recent years, analysts say online shopping is a tricky proposition for the company’s young shoppers, many of whom don’t have access to a credit card."
KC's View:
The ripples from e-commerce's continued growth and success continue...