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'Childhood memories' – why nostalgia wasn't enough to save Claire's

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It wasn't long ago that friends Lucy Craddock and Taylor Crouch had shopped at Claire's. But when they walked past on Tuesday, the once colourful store was covered in hoarding after all shops closed.

"It's very sad, because it's [our] childhood," says Lucy outside the former Claire's on Oxford Street in central London.

"I got my ears pierced at Claire's when I was little," Taylor says, adding they now enjoy shopping at places like jewellery chain Lovisa as well.

Nell Campbell, 34, says the closure was "a little bit sad" because she got her ears pierced there as a 12 or 13-year-old.

"It definitely holds childhood memories," she says.

But she hasn't visited the store herself since she was a teen, and is not surprised the chain has closed as there are "so many exciting brands that have come along".

Experts say the brand had suffered from a perfect storm of a post-Covid fall in spending, competition from cheap online retailers, and a failure to keep up with fashion trends.

Now all 154 stores in UK and Ireland have shut down with the loss of 1,300 jobs, ending a year of turmoil for the brand.

"Claire's just wasn't cutting it in the same way anymore," says Danni Hewson, head of financial analysis at AJ Bell.

Claire's, founded in the US, first appeared on British high streets in the late 1990s selling jewellery and accessories mainly aimed at tween and teenage girls, and offering ear piercing services.

By the end of 2012, it had more than 3,000 stores across North America and Europe alone, with franchises and stores across the Middle East, Asia and South America.

But its popularity began to wane, as teenagers moved away from the colourful earrings, necklaces and hair bobbles the brand was known for, says fashion expert Priya Raj.

"Really the collapse of Claire's in the UK says a lot about how pre-teen and teen tastes and shopping preferences have evolved in the last decade," she says.

That issue was accelerated by the pandemic as teens turned to online shops like Shein and Temu for cheaper accessories, Hewson says, with the rise of TikTok Shop and second-hand sites such as Vinted and Depop also broadening their options.

Raj agrees: "We've gone from a high-street driven, cookie cutter approach to an evolving, social media driven market."

Besides ear piercing, Claire's also lacked offerings like make-up lessons to entice people into stores.

"It just provided stuff. And that just wasn't enough to get people to go in," she says.

All those factors combined to spell serious trouble for the chain.

The US-based firm first filed for bankruptcy in 2018. In August last year the US arm filed for bankruptcy a second time, a move the company's chief executive Chris Cramer said was a "difficult decision" but a necessary one.

Later that month, the UK arm of the firm was placed in administration but was soon purchased by Modella Capital in a deal which led to about 145 store closures and 1,000 job losses.

However by January 2026, Modella put Claire's into administration again, saying the climate on UK high streets "remains extremely challenging".

Richard Hunt, director at Liquidation Centre, said the broader high street context mattered, as UK retailers in general have faced rising rents, higher business rates and lower foot traffic.

"Claire's was particularly vulnerable because it relied on physical stores in shopping centres and depended more heavily on impulse buys, which are rarer today with the rise of online shopping," he says.

"This failure to adapt ultimately put financial strain on the business, as its model became increasingly vulnerable."

Sylvia Wright says she used to shop at Claire's for her two children, who are now adults.

"They used to absolutely love it," she says, but adds as her children got older they stopped shopping there.

Claire's is a nostalgic brand for many, but it would have needed a serious revamp to get the younger generations back through the doors, Hewson says – and that appears to have been an impossible challenge over the last few months.

"You add into all of that a cost of living crisis, which meant that parents were really struggling to find any disposable income in order to buy the kind of pink goodness that you would find at Claire's, and it just felt like it never really stood a chance."

With additional reporting from Faarea Masud

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BP profits more than double as Iran war sends oil prices higher

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BP's profits for the first three months of the year have more than doubled following a surge in oil prices since the beginning of the Iran war.

In its first results since the conflict broke out, the energy giant reported profits of $3.2bn (£2.4bn) between January and March after an "exceptional" performance in its oil trading business.

The figure was higher than analysts had expected and far ahead of income in the same period last year which reached $1.38bn.

The oil price has seen sharp swings since the start of the US-Israel war with Iran as the key Strait of Hormuz – which usually carries about 20% of the global supplies of oil and liquid natural gas – has been effectively closed.

Before the conflict began, the price of Brent crude, the global benchmark for oil prices, was around $73 a barrel.

Since then, oil has risen to nearly $120 at one point, but it has also fallen below $100 as speculation has swirled over when the Strait of Hormuz will reopen. Brent currently stands at about $110 a barrel.

This volatility widens the gap between buying and selling prices, which typically enables traders to make bigger profits.

Profits in BP's customers and products division, which includes its oil trading unit, surged to $2.5bn compared with just $103m a year ago.

Chancellor Rachel Reeves said the performance of energy companies was "exactly why we extended the Energy Profits Levy to make sure that windfall profits could be taxed appropriately".

"BP and other oil and gas companies play a really important part in our energy mix," Reeves told the Commons, but she said it was important that windfall taxes are set "properly".

Energy firms operating in the UK are subject to a windfall tax, called the Energy Profits Levy, that was introduced in 2022 as a response to soaring profits following Russia's full-scale invasion of Ukraine. Labour extended the life of the tax to March 2030.

However, the levy only applies to profits made from extracting oil and gas in the UK, whereas the bulk of energy giants' earnings are made overseas.

The results are the first under BP's new chief executive Meg O'Neill, who took over at the beginning of April when her predecessor, Murray Auchincloss, left after less than two years in the role.

O'Neill said she had joined "at a time when our industry is operating in an environment of conflict and complexity".

She added BP had been "working with customers and governments to get fuel where it's needed, helping minimize disruption".

However, while BP's trading business did well, its upstream production – which includes the search for and extraction of oil and gas – has been flat.

It also expects production between April and June to be lower, partly due to the "effects of disruption in the Middle East".

BP's share price rose 3% on Tuesday, and is up by about 20% since the Iran war began.

Susannah Streeter, chief investment strategist at Wealth Club, said BP's trading division had "clearly thrived in an environment of wild swings, leading to high velocity trading".

However, she noted that BP's production was "not immune to the damage and destruction wreaked on facilities across the Gulf".

Charles Hall, head of research at Peel Hunt, said BP was being cautious about the outcome for the second quarter.

While the strong performance from the trading side was "probably going to last a little bit longer", he said: "There are other things going on and obviously it's a pretty uncertain world at the moment."

Environmental groups were sharply critical of BP's latest results.

Mike Childs, head of science, policy and research at Friends of the Earth, said: "Just as we saw in 2022 following Russia's invasion of Ukraine, fossil fuel giants are quids-in when global instability drastically inflates fuel prices.

"But again, it's ordinary people who pay the price when soaring energy prices threaten to plunge the UK into an even deeper cost of living crisis."

He added the UK needed to reduce its vulnerability to energy price shocks by increasing investment in renewable energy, as well as providing support for energy efficiency measures.

Gas and electricity bills for most UK households are protected for the moment by the energy price cap.

Until 30 June, the typical annual bill for dual-fuel households who pay by direct debit will be £1,641.

However, the jump in wholesale oil and gas prices since the Iran war began means the cap is currently estimated to rise by about £200 when it is revised in July.

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Watch: Jimmy Kimmel defends 'expectant widow' joke after first lady criticism

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Late-night host Jimmy Kimmel defended his joke in which he called Melania Trump an "expectant widow" just days before a shooting incident at the White House Correspondents' Dinner. The first lady described the sketch as "hateful and violent", and the White House urged ABC to fire the comedian. Kimmel said the joke was a "light roast" about the difference in age between the president and his wife.

Officials say the frozen blocks are being melted due to "dangerous and unsafe activities" after they were set up to promote the singer's album.

A black bear in Albany, New York, climbed a tree in a residential neighbourhood and was tranquillised before falling into a net held by wildlife and law enforcement officials.

Surveillance video shows the suspect starting the exchange with "How are you doing?" and saying "thank you", as he leaves.

BBC's Shaimaa Khalil reports from Los Angeles as singer David Burke pleads not guilty to the murder of 14-year-old Celeste Rivas Hernandez.

"Look at that, wow!" – A couple in Temecula woke up to find a balloon boarded with 13 people behind their home on Saturday.

The dramatic end to the Delaware Marathon occurred when the lead runner slowed in celebration before a trailing marathoner sprinted toward the finish line .

A skydiver crashed into the massive scoreboard at Virginia Tech University's stadium, dangling from a parachute before first responders carried out a rescue without injury.

Prime Minister Mark Carney said that due to Washington changing its trade policies, Canada's economic ties to the US that were once a strength are now a 'weakness'.

A series of strong winds has torn through the midwestern US, ripping roofs off homes and leaving roads obstructed.

The former US president and New York City mayor meet for the first time at a child care centre in the Bronx.

The BBC spent time with the Canadian military in the country's northernmost region – this is what they taught us about dealing with extreme conditions.

The suspect was accused of purse-snatching and has been charged with larceny and providing false information.

Reid Wiseman’s two daughters were in Nasa’s mission control room for the naming of the “Carroll” crater in honour of the commander’s late wife.

The crew held its first press conference since splashing down from their historic 10-day trip.

Popular in local bars across the US, the games are facing higher meat prices, squeezing some of the charities that benefit from them.

The BBC rode along with the Rangers on the last leg of a historic trek as they assert their presence in Canada's far north.

CCTV footage shows a high school principal charging towards a former student who was armed in Oklahoma.

The Canadian prime minister joined the Ottawa Charge team on the rink alongside the Finnish president during his first formal bilateral visit.

President Donald Trump said over the weekend that oil and gas prices "could be the same or maybe a little bit higher" in the coming months.

Hours after posting a lengthy message critiquing the pontiff, the US president shared a Jesus-like image of himself that he has since deleted.

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Sinner beats Norrie to equal historic winning run

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Cameron Norrie failed to return 33% of Sinner's serves in Madrid

World number one Jannik Sinner's brilliant form continued as he reached the quarter-finals of the Madrid Open with a straight-set win over Britain's Cameron Norrie.

Bidding for his fourth ATP Masters 1000 title in a row, Sinner beat Norrie 6-2 7-5 in less than 90 minutes to extend his winning streak to 20 matches.

After securing the Indian Wells, Miami Open and Monte Carlo titles, Sinner's last-16 win means he matches his tournament best in Madrid, having only reached the quarter-finals once before, in 2024.

The 24-year-old will face Czech Vit Kopriva or 19-year-old Madrid-born Rafael Jodar.

Achieving a hold to love in the opening game, 30-year-old Norrie's strong start faded quickly as Sinner broke twice to dominate the first set 6-2.

Each held serve until the fifth game when Norrie, having resisted a break point, attempted to seize momentum with an underarm serve but it failed to clear the net.

The Italian claimed the game, but Norrie broke back, winning seven successive points in his efforts to turn the tide in a first competitive meeting between the players.

At 5-5, the British number one survived two break points before surrendering the game to Sinner, who served out in the final game to become only the second player in tennis history to win the first 20 Masters 1000 matches of the season, after Novak Djokovic in 2011 and 2015.

"We know each other quite well. We practised a lot in the last tournament. We both kind of knew what to expect," the four-time Grand Slam champion said of Norrie.

Speaking to Sky Sports, he added: "This surface is very very different to all the other surfaces so it's very tough to get the right feedback and sometimes you feel like you are not playing your best.

"But I'm very happy to be in the quarters again, it's a tournament I haven't played a lot so it means a lot to me and I'm happy to be through in two sets."

In the quarter-final he will play either Kopriva or Jodar, who meet later on Tuesday. The pair were given the afternoon slot after Jodar's round of 32 win over Joao Fonseca finished late on Sunday night.

After playing at the "unusual" time of 11am local time (10:00 BST), Sinner questioned the way that the tournament is organised.

"[Jodar] finished very, very late [on Sunday], but at the same time I feel like we need to make some adjustments with scheduling of the day," he said.

"For matches at 8pm, it's very very late, even though you have one day in between – still, it's very very late.

"You finish at 1.30am and you need to eat, you need to have treatment, so it's very late. We try to adapt ourselves, our bodies and minds."

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