Not yet retro: jewelry retailer Claire's withdraws estimated $500 million IPO

Claire's, a global retailer that sells jewelry and accessories for young women and teens, withdrew its plans for an initial public offering on Tuesday. It originally filed in May 2013 with an estimated deal size of $500 million.

The Hoffman Estates, IL-based company was founded in 1961 and booked $1.6 billion in sales for the 12 months ended August 3, 2013. It had planned to list on the NYSE under the symbol CLRS.RC. Credit Suisse, J.P. Morgan and Goldman Sachs were set to be the joint bookrunners on the deal.