Claire's Stores reported net sales of $493.4 million for the fiscal 2012 fourth quarter, an increase of $58.5 million, or 13.4% compared with the fiscal 2011 fourth quarter.
Fashion jewelry retailer Claire's Stores said that it expects to report a 13.4% spike in net sales to $493 million for the fourth quarter over the same period last year, thanks in part to an additional week of net sales and a comparable-store sales increase of 5.4%.
Former Sam's Club exec, Linda Hefner Filler, has joined Claire’s Stores, as North America president, effective March 1. She will report to Jim Fielding, CEO.
Claire's Stores has announced that Eugene Kahn , the company's CEO, has resigned. The company said its board of directors will conduct a search for a new CEO and will consider both internal and external candidates for this position.
Teen retailer Claire's Stores provided some hope that discretionary spending is improving by reporting net sales of $421.9 million for the fiscal 2010 fourth quarter, an increase of $11.2 million, or 2.7% compared with the fiscal 2009 fourth quarter.
Claire's Stores has announced the appointment of Jay Friedman as president of the North American division, reporting to Gene Kahn, CEO, effective immediately.