Claire's announces management change

Jewellery and accessories retail chain, Claire’s Stores,

Inc., has announced that Chief Executive Officer, Eugene S. Kahn has resigned. The Board of Directors will conduct a search for a new CEO and will consider both internal and external candidates for this position, according to a statement released by the company.

In the meantime, James G. Conroy, President of Claire's Stores, and Jay Friedman, President of Claire's North American Division, will form an Interim Office of the CEO, reporting to the Board of Directors.

The retailer also announced that consolidated same stores sales for the two combined fiscal months of November and December increased 1.5%, consisting of a 3.9% increase in North America and a 3.0% decrease in Europe.  

Claire's Stores, Inc. operates over 3,000 stores in North America and Europe. The retailer also has nearly 400 franchised or licensed stores in Japan, the Middle East, Turkey, Russia, Greece, Guatemala, Malta, Ukraine and Mexico.