Specialty retailer Claire's Stores Inc has reported that for the four weeks ended January 28, 2006 comparable store sales rose nine percent, in contrast to the four-week period ended January 29, 2005 when comparable store sales rose seven percent.
Total sales during the four-week period increased nine percent to $81,512,000 compared with $74,542,000 for the comparable four-week period last year.
Sales for the fourth fiscal quarter ended January 28, 2006 increased five percent to $414,399,000 from $395,891,000 during last year's comparable fiscal quarter. Comparable store sales increased six percent following an increase of five percent during last year's fourth fiscal quarter.
For Fiscal 2006 in its entirety sales increased seven percent to $1,369,393,000 compared to sales of $1,279,407,000 for the comparable period last year, while comparable store sales increased six percent compared to an increase of eight percent during Fiscal 2005.
Co-Chairman and Co-CEO Bonnie Schaefer said, "Comparable store sales in our International Division were slightly negative in January. While these results were below our internal plan, our promotional stance resulted in closing inventories that are significantly lower than at the end of this year's third fiscal quarter. This enhances our opportunity to bring in fresh, exciting new merchandise for spring and to continue repositioning the Company in Europe, as we build further recognition for Claire's as a destination for costume jewelry in addition to accessories."
marketing@alchempro.com
