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CLAIRE'S STORES MORE THAN TRIPLES FIRST QUARTER EARNINGS

 PEMBROKE PINES, Fla., May 11 /PRNewswire/ -- Claire's Stores, Inc. (NYSE: CLE) today reported on an unaudited basis that net income during the first quarter ended May 1, 1993, more than tripled to $2,011,000, or $.10 per share, vs. $543,000, or $.03 per share, a year ago. Sales during the quarter increased 13 percent to $58,050,000 from $51,537,000, with same-store sales increasing 8 percent.
 "Although bad weather and tentative consumers somewhat constrained sales gains during the quarter, our management team has achieved these excellent earnings results through a continued emphasis on controlling inventories and expenses," stated Rowland Schaefer, Claire's chairman and president. "Disciplined purchasing and markdown policies have increased trailing inventory turnover to 3.1 times from 2.6 times a year earlier. Importantly, both gross profit margins and expenses improved as a percentage of sales," he continued.
 "We enter the second quarter with good sales momentum and remain confident in our ability to sustain favorable sales and earnings comparisons throughout the balance of the fiscal year," Schaefer concluded.
 Claire's Stores, Inc., the nation's premier retailer specializing in one-stop shopping for women's fashion accessories, currently owns and operates 1,042 stores in 48 states, primarily under the names "Claire's Boutiques", "Dara Michelle" and "Topkapi".
 CLAIRE'S STORES, INC.
 FIRST QUARTER REPORT
 (Unaudited)
 13 WEEKS ENDED
 (In thousands except per share data and stores)
 May 1, 1993 May 2, 1992
 Net Sales $ 58,050 $ 51,533
 Income Before Income Taxes 3,166 874
 Net Income 2,011 543
 Earnings Per Share .10 .03
 Weighted Average
 Shares Outstanding 20,543 20,491
 Stores Open at End of Period 1,042 1,000
 -0- 5/11/93
 /CONTACT: David Buchsbaum of Claire's Stores, Inc., 305-433-3900/
 (CLE)


CO: Claire's Stores, Inc. ST: Florida IN: REA SU: ERN

AW-JB -- FL002 -- 6893 05/11/93 09:16 EDT
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Date:May 11, 1993
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