Claire's is considering a raft of British store closures as the troubled fashion accessories chain becomes the latest high street firm to show signs of distress.
The Press Association revealed that the company is believed to be talking to restructuring firms regarding a number of options, one of which is thought to include a Company Voluntary Arrangement (CVA), a controversial insolvency procedure used to shed under-performing sites.
Claire's has four stores in North Wales - in Llandudno, Bangor, Wrexham and Broughton - as part of its 350 strong network.
Hundreds of jobs could be at risk if the chain presses ahead with a CVA.
Claire's could join a growing number of recognisable high street names to scale back its store estate, as consumers increasingly shop online.
Fears that the UK chain could disappear from high streets mounted earlier this year after its US parent, Claire's Stores Inc, filed for bankruptcy.
The US company announced last week that it has now emerged from Chapter 11 protection, having restructured almost 2 billion US dollars (£1.5 billion) of debt.
