PEMBROKE PINES, Fla., Jan. 3 /PRNewswire/ -- Claire's Stores, Inc.
(NYSE: CLE) reported today that Leslie D. Dunavant bought 20,000 shares
of the company's common stock. Dunavant is president and chief
operating officer of Claire's Boutiques, Inc., the wholly owned
subsidiary that is the company's operating entity.
In addition to the 20,000 shares purchased on the open market last week,
said Rowland Schaefer, Claire's chairman and chief executive, Dunavant
also acquired 45,000 shares early in December through exercise of an
option.
"Our stock is significantly undervalued," Dunavant said. "I think some
people are underestimating how well we did during the Christmas selling
season and during Fiscal 1997 overall to date. Investors may be in for
some pleasant surprises when the year is completed on February 1 and the
numbers are released and when they become aware of how well we're going
to do in Fiscal 1998."
Claire's Stores, Inc., the nation's premier retailer specializing in
one- stop shopping for women's fashion accessories, currently owns and
operates 1566 stores in the United States, Canada, the Caribbean, Japan
and Great Britain.
SOURCE Claire's Stores, Inc.
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