Claire’s Closing Store in Freeport, Maine

Another major retail chain is in deep financial trouble.

This time, it's Claire's and the offshoot brands tied to the store.

According to USA Today, in a recent bankruptcy filing, Claire's agreed to close nearly 300 stores nationwide, including some in Maine.

Claire's Will Close Their Freeport, Maine, Location

According to WMTW, the initial fear was that all Claire's stores throughout Maine would close due to the bankruptcy agreement. But that isn't the case, at least not yet.

Instead, Claire's will close 290 of its more than 1,100 stores nationwide, including its Freeport, Maine, location. The remaining locations in Bangor, Augusta, Kittery as well as the Maine Mall will continue to operate.

Claire's Offshoot Brand Icing Permanently Closing at the Maine Mall

While some Claire's locations have been spared in this round of closures, one of Claire's secondary brands isn't so lucky.

Icing stores across the country, including inside the Maine Mall, will permanently close. The store was popular as a spot for people to get their ears pierced and grab accessories.

Signage has already shown up at the South Portland store alerting customers.

Claire's is The Latest Mall Staple To Find Financial Trouble

While malls around America continue to struggle, so do many of the retailers that have been staples of malls.

Mall anchors like Macy's and JC Penney continue to deal with financial issues that have plagued them. Smaller brands like Torrid have announced a wave of closures based on a poor financial outlook.

Claire's remains hopeful that the 290 closings will help change their financial outlook quickly.