×
351
Fashion Jobs
ZACH LIFESTYLE PVT. LTD.
Manager - Content & Social Media
Permanent · MUMBAI
MONALISA ELECTRONIC DESIGN CENTRE PRIVATE
Excellent Job Opportunity For Area Sales Manager- gt & mt
Permanent · Shimla
RRD
Associate Production Manager
Permanent · Chennai
GOKALDAS EXPORTS
Executive - Warehouse (Apparel / Garments Background)
Permanent · Bhopal
NEW ALFA INTERNATIONAL
Foundry Production Manager
Permanent · Dubai
MEDCIS PATHLABS
Medcis Pathlabs is Hiring For Pathology Area Sales Manager
Permanent · Visakhapatnam
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Bhubaneswar
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Chennai
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Cosmetics & Personal Care - Fmcg Industry
Permanent · Bhopal
DESAI ELECTRONICS
Manager Production
Permanent · Pune
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Ophthalmic Segment/Ent- Pharma Industry
Permanent · Bengaluru
PEOPLE ALLIANCE WORKFORCE
Sales And Marketing Executive/Asst. Manager -Rigid/Plastics Packaging
Permanent · National Capital Region
BT PRINT PACKAGING SOLUTIONS LLP
Sales Engineer / Businesss Development Manager / Area Sales Manager
Permanent · Faridabad
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager/Asm/Sales Manager- Pharma Industry
Permanent · Chennai
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Surat
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Mangaluru
NIKE
Partner Management Office (Pmo) General Manager (India)
Permanent · Bengaluru
CARS24
Sales Manager - Kochi,Coimbatore
Permanent · Kochi
SAHAJANAND MEDICAL TECHNOLOGIES
Area Sales Manager
Permanent · Chandigarh
ON TIME SOLUTIONS
Mnc Plastic Industry is Hiring Production Manager (Plastic)
Permanent · Bengaluru
HALONIX TECHNOLOGIES
Area Sales Manager/Territory Manager - Institutional Sales
Permanent · Dehradun
GOKALDAS EXPORTS
Manager - Warehouse (Apparel / Garment Background)
Permanent · Bengaluru
By
Reuters
Published
Jun 12, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Claire's Stores posts narrower quarterly loss

By
Reuters
Published
Jun 12, 2009

NEW YORK, June 11 (Reuters) - Fashion accessory and jewelry retailer Claire's Stores Inc posted a narrower first-quarter loss on a 10 percent revenue decline on Thursday 11 June, and warned that sales are getting worse in the second quarter.


Claire's

Claire's, which sells cheap jewelry for young girls and women in the United States and Europe and is owned by private equity company Apollo Management LP [APOLO.UL], reported a net loss of $29 million, down from $35.6 million in the same quarter last year.

Revenue fell 10.4 percent to $293.1 million and consolidated same-store sales fell 2.3 percent in the first quarter. The decline was worse in North America, where same-store sales fell 2.9 percent. In Europe, they fell 0.9 percent.

First-quarter sales were better compared with other retailers, but the recession has pushed same store sales declines into the high single digits, Chief Executive Officer Gene Kahn said in a statement.

Cash and cash equivalents were $206.7 million as of May 2.

The company, based in Pembroke Pines, Florida, said it had drawn down its revolving credit facility during the 2008 third quarter because Lehman Brothers, a member of the facility's syndicate, filed for bankruptcy.

The company said it has not yet found a replacement for Lehman and is assessing whether to pay all of or part of the outstanding balance on the facility. (Reporting by Robert MacMillan, editing by Leslie Gevirtz)

© Thomson Reuters 2023 All rights reserved.