| | Business Summary | | Claire's
Stores,
Inc.
is
a
mall-based
retailer
of
popular-priced
fashion
accessories
and
apparel
for
pre-teens
and
teenagers.
As
of
March
31,
2001,
the
Company
operated
a
total
of
3,021
such
stores
in
50
states,
Canada,
the
Caribbean,
the
United
Kingdom,
Switzerland,
Austria,
Germany,
France,
Ireland
and
Japan.
The
stores
are
operated
mainly
under
the
names
Claire's
Boutiques
or
Claire's
Accessories,
Afterthoughts,
The
Icing,
Bijoux
One
and
Cleopatre
(collectively,
the
Fashion
Accessory
Stores)
and
Mr.
Rags
(the
Apparel
Stores).
The
Company's
operations
are
divided
into
three
principal
product
categories.
Jewelry
consists
of
costume
jewelry,
including
earrings
and
ear-piercing
services,
while
Accessories
consists
of
other
fashion
accessories,
hair
ornaments,
totebags
and
novelty
items.
Apparel
includes
name
brand
as
well
as
private
label
shirts
and
pants. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Claire's
Stores,
Inc.
is
the
world's
leading
mall-based
retailer
specializing
in
one-stop
shopping
for
teen's
accessories
and
apparel
and
currently
operates
approximately
3,000
stores.
For
the
13
weeks
ended
5/5/01,
net
sales
rose
1%
to
$235.3
million.
Net
income
rose
94%
to
$7.7
million.
Revenues
reflect
an
increase
in
average
sales
per
store.
Earnings
also
benefited
from
higher
gross
margins
due
to
the
absence
of
excess
inventory
write-downs. Recent Earnings Announcement
For
the
13
weeks
ended
08/04/2001,
revenues
were
243,987;
after
tax
earnings
were
-5,927. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Rowland Schaefer, 84
Chairman,
Pres, CEO and Pres and Chief Operating Officer | $1.5M | E. Bonnie Schaefer, 48
Vice
Chairman | 388K | Marla Schaefer, 51
Vice
Chairman | 465K | Ira Kaplan, 42
CFO,
Sr. VP, Director | 544K | Mark Smith, 43
Chief
Exec. of Claire's Accessories UK, Ltd. | 524K | | Dollar
amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/c/cle.gif)