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Claire's Stores Shares Decline


New York City, Shares of accessories retailer Claire's Stores Inc. dropped on Monday, after the New York Post said the company is having trouble finding a buyer. The report said that according to unnamed sources, several possible buyers have dropped out of an auction for the company.

Shares fell $2.55, or 7.3% to $32.42 during midday trading on the New York Stock Exchange. The stock has traded between $23.88 and $37.49 during the past 52 weeks.

In December, the company said it retained Goldman, Sachs & Co. as a financial adviser to aid in exploring the possible sale of the company.

Claire's also said its January comp-store sales rose 3%.

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