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8-K - FORM 8-K - CLAIRES STORES INC | g25963e8vk.htm |
Exhibit 99.1
NEWS BULLETIN
RE: CLAIRES STORES, INC.
RE: CLAIRES STORES, INC.
2400 WEST CENTRAL ROAD, HOFFMAN ESTATES, ILLINOIS 60192
CLAIRES STORES, INC. REPORTS FOURTH QUARTER AND FISCAL 2010
SALES RESULTS
SALES RESULTS
CHICAGO, Illinois, February 1, 2011. Claires Stores, Inc., one of the worlds leading
specialty retailers of fashionable accessories and jewelry at affordable prices for young women,
teens, tweens and girls ages 3 to 27, today announced preliminary unaudited sales results for the
2010 fourth quarter and the fiscal year, which ended January 29, 2011.
The Company reported net sales of $422 million for the 2010 fourth quarter, an increase of $11
million, or 2.7%, compared to the 2009 fourth quarter. Consolidated same store sales increased
3.2% in the 2010 fourth quarter. In North America, same store sales increased 4.7% and European
same store sales increased 0.6%. Sales would have increased 4.5% excluding the impact from foreign
currency rate changes.
The Company reported net sales of $1,426 million for the 2010 fiscal year, an increase of $84
million, or 6.3%, compared to the 2009 fiscal year. Consolidated same store sales increased 6.5%
in fiscal 2010. In North America, same store sales increased 7.8% and European same store sales
increased 4.3%. Sales would have increased 7.4% excluding the impact from foreign currency rate
changes.
We believe our fourth quarter sales results were a strong performance relative to publicly-reported
competitive sales information, and given general market conditions. However, weather had a
significant impact on our European sales, with the UK experiencing the worst December weather
conditions in recent history.
Company Overview
Claires Stores, Inc. is one of the worlds leading specialty retailers of fashionable accessories
and jewelry at affordable prices for young women, teens, tweens and girls ages 3 to 27. The
Company operates through its two store concepts: Claires® and Icing®, while
the latter operates only in North America, Claires operates worldwide. As of January 29, 2011,
Claires Stores, Inc. operated 2,981 stores in North America and Europe. The Company also
franchised or licensed 395 stores in Japan, the Middle East, Turkey, Russia, Greece, South Africa,
Guatemala, Malta and Ukraine. More information regarding Claires Stores is available on the
Companys corporate website at http://www.clairestores.com.
Additional Information:
Note: Other Claires Stores, Inc. press releases, a corporate profile and the most recent Form
10-K and Form 10-Q reports are available on Claires business website at:
http://www.clairestores.com.
Contact Information:
J. Per Brodin, Executive Vice President and Chief Financial Officer
Phone: (954) 433-3900, Fax: (954) 442-3999 or E-mail, investor.relations@claires.com