Another retailer could be about to bite the dust. How many people know somebody or has spent some time on their own shopping at Claire's? Claire's filed for Chapter 11 protection on Monday morning. The tween jewelry chain said it will reduce its debt by $1.9 billion. During the process, the company will continue to operate its approximately 1,600 Claire’s and Icing brand stores in the United States. Hopefully this will help them maintain better business rather than a step in the direction of shutting their doors!