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Non-Tech : Claire's Stores (CLE) NYSE
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To: Archie Bunker who wrote (77)12/30/1996 9:39:00 AM
From: scott   of 619
 
I was wondering where you got the increase of 10% plan? Press I read stated same store sales expected to grow 1-3% instead they were flat. In the first weekof Dec.
Remember this is same store sales. They seem to expect to have a record year. Maybe because they have 278 more stores this year than they did last year at this same time. Also according to news reports the UK had a better holiday season than we did.

You mention apparel is this something new?? According to Claire's they "through its wholly owned subsidiary, Claire's Boutiques, Inc., operates the world's largest chain of retail stores specializing in popular-priced women's fashion accessories. The stores are
identified primarily by the names "Claire's Boutiques," "Topkapi," and "Dara Michele."

They also expect to have 1600 stores by 1997.

As you may have guessed I am long Claire's.

I do think they have diluted the stock and the insider selling hasn't helped either.

Scott

I think they will treat us with a dividend increase too.
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