December 27, 2014 7:46 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 girls. Its stores provide jewelry products, including earrings, necklaces, bracelets, body jewelry, and rings, as well as ear piercing services; fashion and seasonal accessories comprising headwear, legwear, hairgoods, handbags and small leather goods, attitude glasses, scarves, armwear and belts, sunglasses, hats, gloves, slippers, earmuffs, and beauty products. The company operates its stores under the Claire’s and Icing brand names. As of May 3, 2014, it operated 3,071 stores in 18 countries throughout North America, Europe, and China; and franchised 426 stores...

2400 West Central Road

Hoffman Estates, IL 60192

United States

Founded in 1961

6,956 Employees

Phone:

847-765-1100

Key Executives for Claire's Stores Inc.

Chief Executive Officer and President of The European Division
Chief Financial Officer
Age: 52
Head of Quality Assurance
Chief Merchandise Officer
Age: 61
Executive Vice President and General Merchandise Manager of Buying & Design
Compensation as of Fiscal Year 2014.

Claire's Stores Inc. Key Developments

Claire's Stores Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014

Claire's Stores Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net sales of $350,669,000 against $356,938,000 for the same period in the last year. The decrease was attributable to the effect of store closures, lower same store sales and an unfavorable foreign currency translation effect on the company's non-U.S. sales, partially offset by new store sales and an increase in shipments to franchisees. Net sales would have decreased 0.8% excluding the impact of foreign currency exchange rate changes. Operating income was $29,186,000 against $30,617,000 for the same period in the last year. Loss before income tax expense was $24,407,000 against $22,593,000 for the same period in the last year. Net loss was $26,822,000 against $25,466,000 for the same period in the last year. Adjusted EBITDA was $50,666,000 against $54,604,000 for the same period in the last year. Adjusted EBITDA would have been $51.7 million excluding foreign currency exchange rate changes in the third quarter of fiscal 2014. The fiscal 2014 third quarter cash balance increase of $0.6 million consisted of positive impacts of $55.4 million from net borrowings under the Credit Facilities and $50.7 million of Adjusted EBITDA, partially offset by reductions for $78.4 million of cash interest payments, $10.4 million of capital expenditures, $9.4 million for seasonal working capital uses and $7.3 million for tax payments and other items. Consolidated same store sales decreased 1.4%, with North America same store sales decreasing 1.6% and Europe same store sales decreasing 1.1%. For the nine months, the company reported net sales of $1,081,841,000 against $1,077,647,000 for the same period in the last year. Operating income was $84,168,000 against $107,528,000 for the same period in the last year. Loss before income tax expense was $78,741,000 against $66,451,000 for the same period in the last year. Net loss was $85,533,000 against $72,722,000 for the same period in the last year. Adjusted EBITDA was $163,312,000 against $173,012,000 for the same period in the last year.

Claire's Stores Inc. to Report Q3, 2015 Results on Dec 03, 2014

Claire's Stores Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Dec 03, 2014

Claire's Stores Inc., Q3 2015 Earnings Call, Dec 03, 2014

Claire's Stores Inc., Q3 2015 Earnings Call, Dec 03, 2014

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