Claire's

For the first quarter, Claire’s Stores Inc. widened its net loss and saw net sales slip.

For the three months ended April 30, the teen accessories chain said it posted a net loss of $38.8 million from a net loss of $35.4 million. Net sales fell 6.4 percent to $299.6 million from $320 million.

The company said in a filing with the Securities and Exchange Commission that the declines were attributable in part to a decrease in same-store sales, the effect of store closures and unfavorable currency translation effect for non-U.S. sales. Excluding the impact of foreign currency impact, net sales in the period would have dropped 5.9 percent.

The filing also said consolidated same-store sales fell 5.1 percent, with its North America comps down 0.8 percent and European comps sliding 12.7 percent.

Claire’s is owned by private equity firm Apollo Management since 2007.

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