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Claire's expands in South America


CHICAGO— Claire's Stores has opened its first locations in Venezuela and Panama.

The Venezuelan store opened on Oct. 12 and is located in the Sambil Paraguna Mall in Punto Fijo. The Panamanian store opened on Oct. 27 and is located in the Metro Mall in the city of Panama. Both Claire's stores are the first of their kind in each country. Claire's Stores Inc. has partnered with Grupo David Enterprises headquartered in Panama as the single franchisee across 16 countries in Latin America. Over time, Claire's Stores Inc. and Grupo David Enterprises expect these countries to present a minimum 100 stores market opportunity.

Claire's Stores Inc. CEO Jim Fielding stated, "The two recent store openings in Venezuela and Panama expand our global reach to 36 countries. We look forward to opening additional stores while entering more markets with our partners at Grupo David."

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