May 29, 2016 1:48 PM ET

Specialty Retail

Company Overview of Claire's Stores Inc.

Company Overview

Claire’s Stores, Inc. operates as a specialty retailer of fashionable jewelry and accessories for young women, teens, tweens, and kids. It sells jewelry products, including earrings, necklaces, bracelets, body jewelry, and rings, as well as offers ear piercing services. The company also sells accessories comprising hair goods; beauty products; room decor; personal, fashion, and seasonal accessories, including phone cases, jewelry holders, stationery, key rings, attitude glasses, headwear, legwear, arm wear, and sunglasses; and handbags and small leather goods. It operates stores under the Claire’s and Icing brand names. As of January 30, 2016, the company operated 2,867 stores, including 1,7...

3 SW 129th Avenue

Pembroke Pines, FL 33027

United States

Founded in 1961

6,335 Employees

Phone:

954-433-3900

Fax:

954-433-3999

Key Executives for Claire's Stores Inc.

Chief Executive Officer, Director and Member of Audit Committee
Age: 59
Chief Financial Officer, Principal Accounting Officer and Executive Vice President
Age: 53
Executive Vice President and General Merchandise Manager of Buying & Design
Executive Vice President of Planning Allocation and Supply Chain for North America
Senior Vice President of Stores
Compensation as of Fiscal Year 2015.

Claire's Stores Inc. Key Developments

Claire's Stores Inc. Provides Capital Expenditure Guidance for the Full Year of 2016

Claire's Stores Inc. provided capital expenditure guidance for the full year of 2016. For the period, the company expects capital expenditure to be approximately $22 million net of tenant allowances.

Claire's Stores Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 30, 2016

Claire's Stores Inc. reported unaudited consolidated earnings results for the first quarter ended April 30, 2016. For the quarter, the company reported net sales of USD 299,647,000 against USD 319,995,000 a year ago. Operating income was USD 14,994,000 against USD 19,024,000 a year ago. Loss before income tax benefit was USD 40,085,000 against USD 35,396,000 a year ago. Net loss was USD 38,758,000 against USD 35,418,000 a year ago. Adjusted EBITDA was USD 36,982,000 against USD 37,647,000 a year ago. The decrease in Net Sales were attributable to a decrease in same store sales, the effect of store closures, an unfavorable foreign currency translation effect of its non-U.S. net sales and decreased shipments to franchisees, partially offset by an increase in new concession store sales and new store sales. Capital expenditures were USD 4.3 million.

Claire's Stores Inc., Q1 2017 Earnings Call, May 26, 2016

Claire's Stores Inc., Q1 2017 Earnings Call, May 26, 2016

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