Business
Claire’s was glitz ‘heaven’ for kids before Shein and TikTok came along


For Beth Searby, a Saturday as a teenager wasn’t complete without going to Claire’s with her friend.
But that tweenage rite of passage looks uncertain as the future of the chain hangs in the balance.
Beth and her friends would use their pocket money in the late noughties to buy magnetic earrings, badges and toe rings from the accessories brand.
“You never went home empty-handed,” says Beth, now 30.
Shopping there was like an “analogue Temu,” she says.
“You could go in with your bits of change that you had left from buying your McDonald’s or your Burger King and you could pick up a pair of earrings or a necklace or a badge to put on your school bag and you’d be spending 50p, £1, £2.”

Claire’s has appointed administrators in the UK and Ireland after battling with falling sales and high competition.
It said its 278 shops in the UK and 28 in Ireland would continue trading while it considered “the best possible path forward”, but it’s stopped online sales.
Originally a US brand, Claire’s opened its first UK store in the mid-90s and quickly became a mainstay among tweens who flocked there for affordable hair ties, glittery butterfly clips, matching friendship necklaces and lip gloss.
“It was the ultimate shop for young people,” says Ella Clancy, 29.
She remembers using her pocket money to buy earrings, scrunchies and Lip Smacker lip balms from Claire’s as a teenager.
Particularly memorable are the so-called “nerd glasses” she and her friends got there – glasses with chunky, dark frames and no prescription.
The shops were always “super pink and colourful and girly,” she says.
“When you’re a little girl, it’s sort of like heaven,” says Vianne Tinsley-Gardener, 23.
She would go to the Claire’s stores in Braintree, Essex, to buy keyrings, earrings and stationery.
The shops were full of “unique little knick-knacks”, she says.
Its lucky dips bags – where you didn’t know what you were getting – and multibuy offers like its five items for £10 deal turned shopping there into a treasure hunt and catered to tweens’ budgets.
Claire’s was a staple for young people getting their ears pierced, too – and it often had special deals.

But many Claire’s shoppers found that some point during their time at secondary school, the brand just stopped being cool.
They turned to places like Accessorize, Topshop and Primark instead.
This was the case for Ceara Silvano, 23. She remembers it became too “kiddish” when she was about 13 and she started shopping at Primark instead.
“You do just grow out of stuff like that,” Ceara says – though she still returned later to have her ears pierced at Claire’s.

Al Thomann loved Claire’s when they were younger because of its use of bright colours, glitter and floral designs.
But as they grew up, they too started to see the brand as “childish” and stopped shopping there.
“You start to feel like you’re a young adult, and all around me, most of the adults were not shopping at Claire’s,” Al, now 25, says.
“Aspiring to be an adult meant rejecting that sort of childlike, colourful, rainbow, unicorn whimsy.”
How young people shop is changing
Back in the 2000s and 2010s, young people bought things because they liked them, rather than because they were trendy, says Constance Richardson, who owns the personal styling business By Constance Rose.
But thanks to rising use of social media, young people are keeping up-to-date with what’s stylish online.
“Shein can spot a trend on TikTok and have that live within days, often for much less money” than Claire’s, says Georgia Wright, a reporter at Retail Gazette.
Shein, a Chinese online fast-fashion giant, sells a huge range of items including clothes, accessories and stationery for low prices.
Claire’s, in comparison, doesn’t pounce on trends as quickly, Ms Wright says.
And it can’t compete on price, Miss Richardson says. “They’re still selling novelty products at a non-novelty price.”

Another factor is that young people are often influenced by creators on social media who are much older than them – and don’t shop at Claire’s.
“Kids are growing up faster than ever,” says Ms Wright. “You’ve got 11 year olds with five-step skincare routines.”
At the other end of the spectrum to Shein, they’re turning to more premium brands like Sephora, Space NK and Astrid and Miyu, she says.
Claire’s “just doesn’t deliver the same excitement,” Ms Wright says.

But the brand still holds a special place in many people’s hearts.
Ceara says she feels nostalgic about shopping at Claire’s and wishes she’d kept some items as mementoes.
Whenever Ella walks past Claire’s stores, “it brings a little smile to my face”.
And some people say they still enjoy shopping at the brand.
“As I started university and started thinking about my own sexuality and gender identity and how I wanted to present myself, the sort of items that Claire’s sold once again came back into my field of knowledge,” Al says.
“All of the really beautiful, very unique earrings and necklaces, bracelets, flower crowns, those kinds of things, were almost instruments to display my own identity in a way that was visible.”
Business
Trade talks: India, EU wrap up 14th round of FTA negotiations; push on to seal deal by December – The Times of India

India and the 27-nation European Union (EU) have concluded the 14th round of negotiations for a proposed free trade agreement (FTA) in Brussels, as both sides look to resolve outstanding issues and move closer to signing the deal by the end of the year, PTI reported citing an official.The five-day round, which began on October 6, focused on narrowing gaps across key areas of trade in goods and services. Indian negotiators were later joined by Commerce Secretary Rajesh Agrawal in the final days to provide additional momentum to the talks.During his visit, Agrawal held discussions with Sabine Weyand, Director General for Trade at the European Commission, as both sides worked to accelerate progress on the long-pending trade pact.Commerce and Industry Minister Piyush Goyal recently said he was hopeful that the two sides would be able to sign the agreement soon. Goyal is also expected to travel to Brussels to meet his EU counterpart Maros Sefcovic for a high-level review of the progress made so far.Both India and the EU have set an ambitious target to conclude the negotiations by December, officials familiar with the matter said, PTI reported.Negotiations for a comprehensive trade pact between India and the EU were relaunched in June 2022 after a hiatus of more than eight years. The process had been suspended in 2013 due to significant differences over market access and tariff liberalisation.The EU has sought deeper tariff cuts in sectors such as automobiles and medical devices, alongside reductions in duties on products including wine, spirits, meat, and poultry. It has also pressed for a stronger intellectual property framework as part of the agreement.For India, the proposed pact holds potential to make key export categories such as ready-made garments, pharmaceuticals, steel, petroleum products, and electrical machinery more competitive in the European market.The India-EU trade pact talks span 23 policy chapters covering areas such as trade in goods and services, investment protection, sanitary and phytosanitary standards, technical barriers to trade, rules of origin, customs procedures, competition, trade defence, government procurement, dispute resolution, geographical indications, and sustainable development.India’s bilateral trade in goods with the EU stood at $136.53 billion in 2024–25, comprising exports worth $75.85 billion and imports valued at $60.68 billion — making the bloc India’s largest trading partner for goods.The EU accounts for nearly 17 per cent of India’s total exports, while India represents around 9 per cent of the bloc’s overall exports to global markets. Bilateral trade in services between the two partners was estimated at $51.45 billion in 2023.
Business
Telcos network costs rise: Gap between expenditure and revenue exceeds Rs 10,000 crore; COAI flags rising network investment burden – The Times of India

The gap between telecom operators’ network expenditure and revenue continues to widen, prompting industry body COAI to defend calls for higher mobile tariffs, citing the increasing financial burden of network deployment on service providers.Speaking at the India Mobile Congress, Cellular Operators Association of India (COAI) Director General, SP Kochhar, told PTI that while the government has provided significant support to telecom operators through policies such as the right of way (RoW), several authorities continue to levy exorbitant charges for laying network elements.“Earlier, the gap until 2024 for infrastructure development and revenue received from tariffs was around Rs 10,000 crore. Now it has started increasing even further. Our cost of rolling out networks should be reduced by a reduction in the price of spectrum, levies etc. The Centre has come out with a very good ROW policy. It is a different matter that many people have not yet fallen in line and are still charging extremely high,” Kochhar said.He also defended the recent cut in data packs for entry-level tariff plans by select operators, stressing that the move was necessary given competitive pressures.Kochhar pointed out that competition among the four telecom operators remains intense, and there has been no significant trend suggesting that consumers are shifting towards low-cost data options.“There is a need to find ways to make high network users pay more for the data. Seventy per cent of the traffic which flows on our networks is by 4 to 5 LTGs (large traffic generators like YouTube, Netflix, Facebook etc). They pay zero. Nobody will blame OTT but they will blame the network. Our demand to the government is that they [LTGs] should contribute to the development of networks,” Kochhar said.He added that the investments made by Indian telecom operators are intended for the benefit of domestic consumers and are not meant to serve as a medium for profit for international players who do not bear any cost.
Business
Indias Real Estate Equity Inflows Jump 48 Pc In Q3 2025: Report

NEW DELHI: Equity investments in India’s real estate sector jumped 48 per cent year-on-year to $3.8 billion in the July-September period (Q3), a report said on Friday. This growth in inflow was primarily fuelled by capital deployment into land or development sites and built-up office and retail assets, according to the report by real estate consulting firm CBRE South Asia.
In the first nine months of 2025, the equity investments increased by 14 per cent on-year to $10.2 billion — from $8.9 billion in the same period last year.
The report highlighted that land or development sites and built-up office and retail assets accounted for more than 90 per cent of the total capital inflows during Q3 2025.
On the category of investors, developers remained the primary drivers of capital deployment, contributing 45 per cent of the total equity inflows, followed by Institutional investors with a 33 per cent share.
CBRE reported that Mumbai attracted the highest investments at 32 per cent, followed by Pune at around 18 per cent and Bengaluru at nearly 16 per cent.
Anshuman Magazine, Chairman and CEO – India, South-East Asia, Middle East and Africa, CBRE, said that the healthy inflow of domestic capital demonstrates the sector’s resilience and depth.
“In the upcoming quarters, greenfield developments are likely to continue witnessing a robust momentum, with a healthy spread across residential, office, mixed-use, data centres, and I&L sectors,” he added.
In addition to global institutional investors, Indian sponsors accounted for a significant part of the total inflows.
“India’s ability to combine strong domestic capital with global institutional participation will remain a key differentiator in 2026 and beyond,” added Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India.
CBRE forecasts a strong finish for the investment activity in 2025, fuelled by capital deployment into built-up office and retail assets.
For the office sector, the limited availability of investible core assets for acquisition indicate that opportunistic bets are likely to continue gaining traction, the report noted.
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