By  on May 23, 2014

Claire’s Stores Inc. suffered a wider first-quarter loss as its same-store sales declined on both sides of the Atlantic.

In the three months ended May 3, the net loss was $38.1 million versus a loss of $26.6 million in the first quarter of 2013. Operating income declined 48.6 percent to $16.8 million while adjusted EBITDA, excluding items such as a year-ago loss on early debt extinguishment in 2013, dropped 11.6 percent to $48.1 million.

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