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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.

Claire's — the ear-piercing, glittery tween mall staple — is once again on the brink of survival. The chain on Wednesday filed for bankruptcy protection for the second time in seven years.

Claire's, an accessory and ear piercing shop that was once a staple in malls, filed for Chapter 11 bankruptcy protection this week.

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Mall accessories store Claire's has filed for bankruptcy, and the PEOPLE staff is sharing their thoughts in the group chat.

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Claire's, the franchise offering jewelry, piercings, fashion and accessories to tweens and teens, filed for bankruptcy on Aug. 6 for the second time in less than a decade.