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Jewelry retailer Claire's Stores Q3 sales rise 8%
05 Nov '05
3 min read
Marla Schaefer, Co-Chairman and Co-CEO of Claire's Stores noted that, 'They are very pleased to report that their North American business outperformed their internal projections each month during the third fiscal quarter, even taking into account the worst hurricane season in memory. Admittedly, they were cautious in their plans, since the number of negative factors affecting consumers was larger than they have seen in some time. However, their customers kept shopping, and demonstrated their enthusiasm for their back to school and fall offerings.'
For the third quarter of Fiscal 2006, they are now estimating that net income will reach $33 to $35 million, or $0.33 to $0.35 per diluted share.
US based Claire's Stores Inc, is a leading international specialty retailer offering value-priced costume jewelry and accessories to fashion-aware 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 October 29, 2005, Claire's Stores, Inc. operated approximately 2,880 stores in the United States, Canada, Puerto Rico, the Virgin Islands, the United Kingdom, Ireland, France, Switzerland, Austria, Germany, Spain and Holland.
Claire's Stores Inc operates through its subsidiary, Claire's Nippon Co, Ltd., 167 stores in Japan as a 50:50 joint venture with AEON Co, Ltd a $40 billion specialty retailer headquartered in Japan. The Company also licenses 79 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.
For the third quarter of Fiscal 2006, they are now estimating that net income will reach $33 to $35 million, or $0.33 to $0.35 per diluted share.
US based Claire's Stores Inc, is a leading international specialty retailer offering value-priced costume jewelry and accessories to fashion-aware 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 October 29, 2005, Claire's Stores, Inc. operated approximately 2,880 stores in the United States, Canada, Puerto Rico, the Virgin Islands, the United Kingdom, Ireland, France, Switzerland, Austria, Germany, Spain and Holland.
Claire's Stores Inc operates through its subsidiary, Claire's Nippon Co, Ltd., 167 stores in Japan as a 50:50 joint venture with AEON Co, Ltd a $40 billion specialty retailer headquartered in Japan. The Company also licenses 79 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.
Claire's Stores Inc
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