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Non-Tech : Claire's Stores (CLE) NYSE -- Ignore unavailable to you. Want to Upgrade?


To: Brad Bolen who wrote (502)12/25/1997 11:44:00 AM
From: Henry Muller  Read Replies (1) | Respond to of 619
 
Brad,
The only surprise is why this company got hammered down so badly recently on no news. Others in the sector seem to be likewise affected by the "poor christmas sales" rumors and a lack of understanding about the Asian crisis and how it affects these companies. The thinking is, CLE sells in Japan, which is in Asia, thus their sales will be affected. I don't think that will be the case; like in the U.S., Japanese teenage girls have lots of money to spend and don't concern themselves with economic crisis. Turn around should continue as we the approach the earnings report.
Best wishes for the Holiday Season. Henry



To: Brad Bolen who wrote (502)1/7/1998 5:20:00 PM
From: Roger Lagerquist  Read Replies (1) | Respond to of 619
 
Claire's today announced strong January sales. The stock closed at 18 7/8,
down 3/8. It's a demanding market.

<Claire's Stores, Inc. Reports December Sales Up 13%; Same Store Sales Rise 1%; Record Quarter And Year Profits Expected

PEMBROKE PINES, Fla., Jan. 7 /PRNewswire/ -- Claire's Stores, Inc. (NYSE: CLE - news) reported today sales for the five weeks ended January 3 were $92,702,000, up 13 percent over $82,198,000 reported for the five weeks ended January 4, 1997. Same store sales were up one percent over the comparable five week period last year.

For the first eleven months of Fiscal 1998, the company reported sales of $472,104,000, a 14 percent increase over sales of $413,952,000
recorded for the first eleven months of Fiscal 1997. Same store sales were up four percent for the year to date. >