My opinion: store inventory levels are high, aged inventory ( past 6 months) is also high. Walk through a store! Jewelry sales the core business is very tough industry wide. a key Jewelry buyer just left
Clothing new this year in some stores, higher gross sales, has lower margins and if you mark it down a double wammy. They could be up against same store increases from the Accessory Place purchase( Bankrupt Chain) and Icings ( same) those stores sold better merchandise, Claire's has almost the same merchandise in these stores as they have in a Claire's stores. Not the same customers, could of confused the customers, who went back to the department stores.
The COO is a long time employee, previous position store operations,
in charge of store personal, Displays, for stores, not merchandising. Two years ago became President.. big change, street could worry about experience. people following know current CEO, makes the decisions.
Look at history, this stock can go from 3 7/8 to 25 in a short time.
It is treated like a semi co' any bad news it dives.I'am out
Only my opinion, I always err to caution.
My Mantra
Keep your profits, the market is always open. Good investing.. |
