Our CompanyWe are one of the world’s leading specialty retailers of fashionable jewelry and accessories for young women, teens, tweens and kids. Our goal is to be the emporium of choice for all girls (in age or attitude) across the world. We deliver this by offering a range of innovative, fun and affordable products and services that cater to all of her activities, as she grows up, whenever and wherever. Our broad and dynamic selection of merchandise is unique, and over 90% of our products are proprietary. Claire’s® is our primary global brand that we operate in 47 countries through company-operated, concession store-in-stores, or franchise stores. Claire’s® offers a differentiated and fun store experience with a “treasure hunt” setting that encourages our customer to visit often to explore and find merchandise that appeals to her. We believe that, by maintaining a highly relevant and ever changing merchandise assortment, offering a compelling value proposition, delivered in a fun and accessible way, Claire’s® has universal appeal to teens, pre-teens and kids. Icing® is our second brand which we currently operate in North America through company-operated stores and in other markets through franchise stores. Icing® offers an inspiring merchandise assortment of fashionable and affordable products that helps a young woman to say something about herself, whatever the occasion. We believe Icing® provides us with significant potential to reach young women in age groups beyond our Claire’s® core demographic. We believe Claire’s® represents a “Girl’s Best Friend” and is a favorite shopping destination for teens, tweens, and kids, numbering approximately 900 million female customers across the globe. According to our estimates, we have over 95% brand awareness within this group in our largest markets. As of January 31, 2016, Claire’s® had a presence in 47 countries through the 2,509 company-operated Claire’s® stores in North America and Europe, 709 concession store-in-stores and 532 franchised stores in numerous other geographies, namely the Middle East, Central and Southeast Asia, Central and South America, and South Africa. Icing® is a fashion destination for young women in the 18-35 year age group. The Icing® customer is independent, fashion-conscious and vibrant. We believe that expansion of our Icing® brand both in existing and new markets over time presents a significant opportunity to leverage our core merchandising, sourcing and marketing expertise to cater to a wider demographic. Furthermore, the differentiation of our Claire’s® and Icing® brands allow us to operate multiple locations within a single mall or in close proximity. As of January 31, 2016, we operated 358 Icing® stores across the United States, Canada, and Puerto Rico and 7 franchised stores overseas.
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