Rick Newman

Claire's: Comfortable With Its Financial Condition

Comment

Posted: February 12, 2009

In response to my recent story, "15 Companies That Might Not Survive 2009," Claire's Stores had this to say:

In regard to your recent article, we view your comments about Claire's Stores as highly speculative and irresponsible. Had we had an opportunity to comment prior to publication we would have noted that Claire's has an extremely flexible capital structure with no near term debt maturities and no financial covenants. Furthermore, as of the Company's last report it had $194 million of cash. While the retail business has been difficult lately, Claire's is a value provider well suited for today's times and is comfortable with its financial condition.

Steven Anreder
Spokesman, Claire's Stores, Inc.

More Rick Newman posts

love clair's

i hope i get to have my birthday there this year becuase its the best place there!

allyson of TN @ Sep 13, 2009 13:46:13 PM

Fun and Cute Girlly Accessories

I hope Clare's doesn't close. My daughter would be so disappointed. Clare's has a nice selection of jewelry and hair accessories. I've really come to depend on Clare's when I am looking for gifts for little girls. They are the first place I go to when I need a birthday gift for my daughter and my niece.

Diane of CA @ Jun 29, 2009 16:04:30 PM

it would be a shame to lose claires yes it is great for young kids , but my friends and i who are in our fifties often shop claires for a little fun glam at great prices we love claires long may it remain!!!!!!!!!

it would be a shame to lose the claires stores. i have been to many of them in this country and even one in france! i have shopped for my kids who absolutely love the place. (claires offers birthday parties and my girls have been to many of these and totally enjoyed themselves.) my friends and i have a great time shopping for inexpensive glam trinkets there, so it's obviously a multigenerational esperience. i for one would hate to lose such an iconic and fun store.....

jayne lightfoot douthit of MD @ May 29, 2009 18:48:51 PM

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