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Claire’s President and COO Leaves

September 14, 2000

NEW YORK (AP)_ Claire Stores, a mall-based retailer of pre-teen apparel and accessories, said that Marty Nealon, its president and chief operating officer, is ``no longer with the company.″

Rowland Schaefer, chairman and chief executive officer, will assume Nealon’s duties while the company searches for a replacement, the company said Thursday.

A company official could not be reached for comment.

Claire’s Stores currently operates more than 3,000 stores under the following trade names: Claires’s Accessories, Afterthoughts, the Icing, Mr. Rags and Velvet Pixies. The stores are located throughout North America, Japan, United Kingdom, Ireland, Switzerland, Austria, Germany and France.

Claire’s shares fell a little more than 13 percent, or $2.938, to close at $19.25 on the New York Stock Exchange.

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