October 2013 Summary: For many fashion-conscious females
ages 3 to 18, Claire's is the queen of costume jewelry, handbags, and hair
bows, as well as free ear piercing. The company operates more than 1,900
stores in North America, primarily in malls, under the Claire's and Icing
banners. (Icing targets twenty-something women.) Another 1,100 Claire's
stores are located throughout Europe, and another 400 franchised stores
are located in about 20 other countries. Claire's is owned by private equity
firm Apollo Global Management, which filed to take the company public in
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