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Non-Tech : Claire's Stores (CLE) NYSE
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To: Steven Alter who wrote (1)10/12/1996 7:46:00 PM
From: John Miz   of 619
 
Steven, there nothing wrong with the company. What has pressured the stock price has been news from other retailers, who are not as well postioned as Claire's. Cosumer spending in september curbed and pulled down sales for major retailers. Claire's a strong performer on the year and in September, was unfortunately thrown in with it's weak sisters. Claire's, as you know, has set sales and profit records every month and every quarter this year! The company says they are well positioned to continue to do so, with the next quarter historically their strongest. September sales were up 29% from a year ago and same store sales were up 10% for the month! The current quarter ends November 2nd. Look for positive results, and an extremely good outlook for the holiday season. Once again, if you haven't already, check out more info. at their web sight: www.clairestores.com
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