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Claire's Preparing to File for Bankruptcy: Report

Twin infants were found by a dumpster Tuesday in Fairfield, and one did not survive, according to Fairfield police. Pete Suratos reports.

Claire’s Stores Inc., the fashion accessories chain that has apparently pierced more than 100 million ears since 1978, reportedly plans to file for bankruptcy.

The company is about $2 billion in debt, according to a Bloomberg report. Seeking Chapter 11 protection would be a way to keep stores open, at least for now, while executives figure out a longer-term plan.

The company did not respond to requests for comment from Bloomberg and Today.com. 

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