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Jewellery retailer Claire's net sales climb 7% during July

Aug '05
Florida based leading international specialty jewellery retailer Claire's Stores Inc reported for the four weeks ended July 30, 2005 comparable store sales rose seven percent compared to last July, when comparable store sales rose nine percent. Total sales during the four-week period ended July 30, 2005 increased seven percent to $105,838,000 compared with $99,227,000 for the comparable four-week period last year.

Comparable store sales results for July 2005 compared to July 2004 were as follows:

* Claire's North America: positive mid single digits
* Claire's International: positive low double digits
* Icing by Claire's: positive low double digits

Sales for the second quarter of Fiscal 2006, ended July 30, 2005, increased six percent to $324,767,000 compared with $305,223,000 for last year's second fiscal quarter. Comparable store sales increased five percent compared with an increase of ten percent in the second quarter of last year.

For the first six months of Fiscal 2006, sales increased seven percent to $627,560,000 compared to sales of $586,814,000 for the comparable period last year. Year to date, comparable store sales increased five percent compared with an increase of 11 percent during the first six months of Fiscal 2005.

Bonnie Schaefer, Co-Chairman and Co-CEO stated that, "The opening of four stores in Spain late in July represented an important milestone for this Company, as company expanded further into Europe. The financial impact, however, was immaterial, and of course, those stores are excluded from any comparable store sales calculations.

Their strong comparable store sales results in July are attributable to the continued strength of their business in the majority of the countries where they already have a strong presence and their brand is becoming increasingly well known. Throughout the United Kingdom and Ireland, as well as Switzerland, Austria and Germany, their spring and summer merchandise in both their costume jewelry and accessory categories was well received.

In France, they are continuing to refine our inventory selection, with the objective of boosting comparable store sales in that country as well."

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