Jewelry retailer Claire's Stores reports 6% leap in June sales
07 Jul '05
2 min read
Leading international specialty jewellery retailer Claire's Stores Inc reported the results for the five weeks ended July 2, 2005 comparable store sales rose four percent compared to last July, when comparable store sales rose 11 percent.
Total sales during the five-week period ended July 2, 2005 increased six percent to $124,336,000 compared with $116,757,000 for the comparable five-week period last year.
Claire's Stores offers value-priced costume jewelry and accessories to fashion-aware tweens, teens and young adults through its two store concepts: Claire's and Icing by Claire's. While the latter operates only in North America, Claire's operates internationally.
As of July 2, 2005, Claire's Stores Inc operated approximately 2,845 stores in the United States, Canada, Puerto Rico, the Virgin Islands, the United Kingdom, Ireland, France, Switzerland, Austria and Germany.
Claire's Stores Inc operates through its subsidiary, Claire's Nippon Co Ltd, 165 stores in Japan as a 50:50 joint venture with AEON Co Ltd. (fka JUSCO, Co. Ltd.), a $40 billion specialty retailer headquartered in Japan. The Company also licenses 70 stores in the Middle East and Turkey under a licensing and merchandising agreement with Al Shaya Co Ltd and six stores in South Africa under similar agreements with The House of Busby Limited.