The colourful accessories chain says sales are down as online competitors and higher costs eat into profits.

Fashion jewellery retailer Claire's has filed for bankruptcy protection in the United States, its second bankruptcy filing after 2018, a court document showed, highlighting a slowdown in consumer spending, leading to lower sales.

Claire's, a mall staple that attracts pre-teens for its bargain jewelry and accessories, has filed for its second bankruptcy in less than a decade.

Aug. 6 (UPI) -- Officials for retailer Claire's filed for bankruptcy protection on Wednesday as its operating costs rise while demand for its goods declines among its youthful customers.

US-based fashion accessories and jewellery business Claire’s has filed for Chapter 11 bankruptcy in a court in Delaware.

Retail data analysts say "a cocktail of problems, both internal and external," have made it impossible for Claire's to stay afloat.

Once a favourite for first piercings and jewellery, Claire’s now battles falling sales and mounting debts.