Claire’s Stores, expands Into Costa Rica, Philippines And Colombia


Miami, 9 de September 2013. Claire’s Stores, Inc. is a leading specialty retailers of fashionable jewelry and accessories for young women, teens, tweens, and kids. The Company announced its recent entry into three new countries Philippines, Costa Rica and Colombia as well as new license agreements for Brazil, Scandinavia and the Balkans.

Jim Fielding, chief executive officer, stated, “We continue to identify expansion opportunities worldwide. Our franchise partners have opened stores in three new countries in 2013 and we expect to enter an additional three countries during the rest of the year. We are pleased with our progress to date and encouraged by the opportunities.”

Claire’s franchisee recently opened its first five stores in the Manila metropolitan area of the Philippines and plans to continue developing stores throughout the country. Within the Central and South America region, Claire’s celebrated the opening of franchise stores in San Jose, Costa Rica and in Bucaramanga, Colombia marking the Company’s initial entry into these two Latin American countries.

In addition to these market entries, Claire’s has entered into license agreements for Brazil, Scandinavia, and three countries in the Balkans. In Brazil, the Company expects to capitalize on the continuing growth of this key emerging market as the country prepares to host the 2014 FIFA World Cup and 2016 Summer Olympics. In the Scandinavia region, Claire’s will be initiating its operation in Sweden, followed by openings in Norway, Finland, and Denmark. The Company will be launching stores in the Balkans, specifically in Belgrade, Serbia this year with future planned store development in Croatia and Slovenia. These initial store openings in Brazil, Sweden, and Serbia are expected to take place during the fourth quarter of fiscal year 2013.


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