Claire’s Stores Inc. on Thursday reported a third-quarter loss that increased more than 50 percent, citing the weak global retail environment.
For the quarter ended Nov. 1, the Pembroke Pines, Fla.-based accessories and jewelry retailer posted a loss of $21.6 million, 56.1 percent higher than a $13.8 million loss last year. Sales in the period fell 6.8 percent to $333 million from $357.4 million a year ago. Same-store sales dropped 6.3 percent, declining 8.7 percent in North America, with average transactions dropping 11.2 percent per store, but average sales per transaction rising 6.2 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)