SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    FORM 10-Q

              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                   FOR THE QUARTERLY PERIOD ENDED MAY 3, 2003
                                       OR

             [  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                     FOR THE TRANSITION PERIOD FROM __TO __
                        COMMISSION FILE NUMBER 001-08899

                              CLAIRE'S STORES, INC.
             (Exact name of registrant as specified in its charter)

           FLORIDA                                          59-0940416
-------------------------------------------         --------------------- ------
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                          Identification No.)

3 S.W. 129TH AVENUE, PEMBROKE PINES, FLORIDA                  33027
--------------------------------------------        ----------------------------
  (Address of principal executive offices)                 (Zip Code)

     REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (954) 433-3900

          Securities registered pursuant to Section 12(b) of the Act:

     TITLE OF EACH CLASS               NAME OF EACH EXCHANGE ON WHICH REGISTERED
----------------------------           -----------------------------------------
 Common Stock, $.05 par value               New York Stock Exchange, Inc.

           Securities registered pursuant to Section 12(g) of the Act:

                              TITLE OF EACH CLASS
                    ------------------------------------------
                      Class A Common Stock, $.05 par value

     Indicate  by  check  mark whether the registrant: (1) has filed all reports
required  to  be  filed by Section 13 or 15(d) of the Securities Exchange Act of
1934  during  the  preceding  12  months  (or  for  such shorter period that the
registrant  was required to file such reports), and (2) has been subject to such
filing  requirements  for  the  past  90  days.  Yes [X]  No

     Indicate by check mark whether  the  registrant is an accelerated filer (as
defined  in  Exchange  Act  Rule  12b-2  of  the  Exchange).  Yes [X] No

     The  number  of  shares of the registrant's Common Stock and Class A Common
Stock outstanding as of May 31, 2003 was 46,195,997 and 2,688,690, respectively.


<PAGE>


<TABLE>
<CAPTION>
                     CLAIRE'S STORES, INC. AND SUBSIDIARIES
                                      INDEX

                                                                        PAGE NO.
                                                                        --------

PART I.    FINANCIAL INFORMATION
--------------------------------

     ITEM 1.  FINANCIAL STATEMENTS
<S>                                                                        <C>
     Unaudited Condensed Consolidated Balance Sheets at May 3, 2003 and
            February 1, 2003.                                              3

     Unaudited Condensed Consolidated Statements of Operations and
            Comprehensive Income for the Three Months Ended May 3, 2003
            and May 4, 2002.                                               4

      Unaudited Condensed Consolidated Statements of Cash Flows for the
            Three Months Ended May 3, 2003 and May 4, 2002.                5

      Notes to Unaudited Condensed Consolidated Financial Statements       6

      ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                 FINANCIAL CONDITION AND RESULTS OF
                 OPERATIONS                                                8

      ITEM 3.    QUANTITATIVE AND QUALITATIVE DISCLOSURES
                 ABOUT MARKET RISK                                         14

      ITEM 4.    CONTROLS AND PROCEDURES                                   15

PART II.  OTHER INFORMATION
---------------------------

      ITEM 1.    LEGAL PROCEEDINGS                                         15

      ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K                          15

SIGNATURE PAGE AND CERTIFICATIONS                                          16
</TABLE>


                                        2
<PAGE>


<TABLE>
<CAPTION>
                          PART I. FINANCIAL INFORMATION
                     CLAIRE'S STORES, INC. AND SUBSIDIARIES
                UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

                                                     MAY 3, 2003   FEB. 1, 2003
                                                     -----------   ------------
                                        (In thousands, except share and per share amounts)
ASSETS
Current assets:
<S>                                                    <C>           <C>
  Cash and cash equivalents                            $167,271      $195,482
  Inventories                                            98,044        88,334
  Prepaid expenses and other current assets              50,192        37,792
                                                       --------      --------
         Total current assets                           315,507       321,608
                                                       --------      --------
Property and equipment:
  Land and building                                      18,091        18,041
  Furniture, fixtures and equipment                     210,238       206,529
  Leasehold improvements                                164,513       161,240
                                                       --------      --------
                                                        392,842       385,810
  Less accumulated depreciation and amortization       (219,487)     (211,328)
                                                       --------      --------
                                                        173,355       174,482
                                                       --------      --------

Intangible assets, net                                   29,907        28,924
Other assets                                             14,385        15,240
Goodwill                                                198,142       197,875
                                                       --------      --------
                                                        242,434       242,039
                                                       --------      --------

Total Assets                                           $731,296      $738,129
                                                       ========      ========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Current portion of long-term debt                    $ 40,881      $ 40,916
  Trade accounts payable                                 52,323        43,185
  Income taxes payable                                    9,944        13,153
  Accrued expenses                                       44,485        43,756
                                                       --------      --------
         Total current liabilities                      147,633       141,010
                                                       --------      --------

Long-term liabilities:
  Long-term debt, excluding current portion              41,250        70,000
  Deferred credits                                       16,073        16,263
  Deferred tax liability                                  9,894         9,602
                                                       --------      --------
                                                         67,217        95,865
                                                       --------      --------

Commitments and contingencies                                 -             -

Stockholders' equity:
  Preferred stock par value $1.00 per share; authorized
    1,000,000 shares, issued and outstanding 0 shares         -             -
  Class A common stock par value $.05 per share;
    authorized 20,000,000 shares, issued 2,689,889
    shares and 2,692,825 shares, respectively               135           135
  Common stock par value $.05 per share; authorized
    150,000,000 shares, issued 46,185,048 shares and
    46,146,562 shares, respectively                       2,309         2,307
  Additional paid-in capital                             33,198        32,834
  Accumulated other comprehensive incom                   8,386         7,219
  Retained earnings                                     472,418       458,759
                                                       --------      --------
                                                        516,446       501,254
                                                       --------      --------
Total Liabilities and Stockholders' Equity             $731,296      $738,129
                                                       ========      ========
<FN>
See  accompanying  notes  to  unaudited  condensed  consolidated  financial  statements.
</TABLE>


                                        3
<PAGE>


<TABLE>
<CAPTION>
                        CLAIRE'S STORES, INC. AND SUBSIDIARIES
                     UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
                        OF OPERATIONS AND COMPREHENSIVE INCOME

                                                   THREE MONTHS ENDED
                                                --------------------------
                                                MAY 3, 2003   MAY 4, 2002
                                                -----------  -------------
                                        (In thousands, except per share amounts)
<S>                                              <C>             <C>
Net sales                                        $239,756        $210,360
Cost of sales, occupancy and buying expenses      115,140         107,780
                                                 ---------       ---------
Gross profit                                      124,616         102,580
                                                ---------        ---------

Other expenses (income):
  Selling, general and administrative              90,991          80,401
  Depreciation and amortization                     9,854           8,802
  Interest expense                                    772           1,091
  Interest and other income                          (944)           (461)
                                                 ---------       ---------
                                                  100,673          89,833
                                                 ---------       ---------

  Income before income taxes                       23,943          12,747
Income taxes                                        8,378           4,467
                                                 ---------       ---------
Net income                                         15,565           8,280
                                                 ---------       ---------

Foreign currency translation adjustments            1,167           3,735
                                                 ---------       ---------
  Comprehensive income                           $ 16,732        $ 12,015
                                                 =========       =========

Net income per share:
  Basic                                          $   0.32        $   0.17
                                                 =========       =========
  Diluted                                        $   0.32        $   0.17
                                                 =========       =========

Weighted average number of shares outstanding:
  Basic                                            48,848          48,671
                                                 =========       =========
  Diluted                                          49,042          48,813
                                                 =========       =========
<FN>
See  accompanying  notes  to  unaudited  condensed  consolidated  financial  statements.
</TABLE>


                                        4
<PAGE>


<TABLE>
<CAPTION>


                             CLAIRE'S STORES, INC. AND SUBSIDIARIES
                    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                          THREE MONTHS ENDED
                                                    ------------------------------
                                                      MAY 3, 2003     MAY 4, 2002
                                                    --------------  --------------
                                                             (In thousands)
Cash flows from operating activities:
<S>                                                   <C>              <C>
  Net income                                          $ 15,565         $  8,280
  Adjustments to reconcile net income to net cash
  provided by operating activities:
    Depreciation and amortization                        9,854            8,802
    Amortization of intangible assets                      209              214
    Loss on retirement of property and equipment           248            1,054
  (Increase) decrease in -
    Inventories                                         (9,727)          (6,102)
    Prepaid expenses and other assets                  (11,249)         (11,071)
  Increase (decrease) in -
    Trade accounts payable                               8,997           10,822
    Income taxes payable                                (3,169)           1,724
    Accrued expenses                                       909             (780)
    Deferred tax liability                                 292                -
    Deferred credits                                      (121)              (6)
                                                      ---------        ---------
Net cash provided by continuing operations              11,808           12,937
Net cash used in discontinued operations                     -           (4,669)
                                                      ---------        ---------
Net cash provided by operating activities               11,808            8,268
                                                      ---------        ---------

Cash flows from investing activities:
  Acquisition of property and equipment                 (9,976)          (9,305)
  Acquisition of intangible assets,
    net of cash received from sale                        (478)          (1,319)
  Sale of short-term investments                             -            1,563
  Capital expenditures of discontinued operations            -             (338)
                                                      ---------        ---------

Net cash used in investing activities                  (10,454)          (9,399)
                                                      ---------        ---------

Cash flows from financing activities:
  Principal payments on lines of credit                (25,000)               -
  Principal payments on term loan                       (3,785)               -
  Proceeds from stock options exercised                    375                -
  Dividends paid                                        (1,900)          (1,892)
                                                      ---------        ---------

Net cash used in financing activities                  (30,310)          (1,892)
                                                      ---------        ---------

Effect of foreign currency exchange rate changes
  on cash and cash equivalents                             745              (41)
                                                      ---------        ---------

Net decrease in cash and cash equivalents              (28,211)          (3,064)

Cash and cash equivalents at beginning of period       195,482           99,912
                                                      ---------        ---------

Cash and cash equivalents at end of period            $167,271         $ 96,848
                                                      =========        =========
<FN>
See  accompanying  notes  to  unaudited  condensed  consolidated  financial  statements.
</TABLE>


                                        5
<PAGE>


                     CLAIRE'S STORES, INC. AND SUBSIDIARIES
         NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1.   BASIS  OF  PRESENTATION
     The  accompanying  condensed  consolidated  financial  statements have been
     prepared  by the Company without audit, in accordance with the instructions
     to  Form  10-Q,  and  therefore  do  not include all of the information and
     footnotes required by generally accepted accounting principles for complete
     financial  statements.  In  the  opinion  of  management,  all  adjustments
     (consisting  only  of normal recurring accruals) considered necessary for a
     fair  presentation  have  been included. These statements should be read in
     conjunction  with  the  consolidated financial statements and notes thereto
     included  in  the Annual Report on Form 10-K for the year ended February 1,
     2003 filed with the Securities and Exchange Commission, including Note 1 to
     the  consolidated  financial  statements  included  therein which discusses
     consolidation  and  financial statement presentation. These statements have
     been  prepared  in accordance with accounting principles generally accepted
     in  the  United States of America, which require management to make certain
     estimates  and  assumptions  that affect the reported amounts of assets and
     liabilities and disclosure of contingent assets and liabilities at the date
     of  the  financial  statements  and  the  reported  amounts of revenues and
     expenses  during  the  reporting  period.  The  most  significant estimates
     include  valuation  of  inventories,  valuation  of goodwill and intangible
     assets,  provisions  for  income taxes, financing operations, contingencies
     and  litigation.  Actual  results could differ from these estimates. Due to
     the  seasonal  nature  of the Company's business, the results of operations
     for the first three months of the year are not indicative of the results of
     operations  on  an annualized basis. Certain prior period amounts have been
     reclassified  to  conform  to  the  current  period  presentation.

2.   EARNINGS  PER  SHARE
     Basic  net  income  per  share  is  based on the weighted average number of
     shares  of  Class  A  Common  Stock and Common Stock outstanding during the
     period  presented, while diluted net income per share includes the dilutive
     effect  of  stock  options.  Options  to purchase 16,841 shares and 462,337
     shares  of  common stock, at prices ranging from $25.00 to $26.00 per share
     and  $19.91  to  $30.25  per  share, respectively, were outstanding for the
     quarters  ended  May  3,  2003  and May 4, 2002, respectively, but were not
     included  in  the  computation  of  diluted  earnings per share because the
     options'  exercise prices were greater than the average market price of the
     common  shares  for  the  respective  fiscal  quarter.

3.   STOCK-BASED  COMPENSATION
     The  Company  accounts for its stock option plans under the recognition and
     measurement  principles of APB opinion No. 25, "Accounting for Stock Issued
     to  Employees".  No  stock-based employee compensation cost is reflected in
     net  income,  as  all  options  granted  had an exercise price equal to the
     market  value  of  the  underlying  common  stock on the date of grant. The
     following table illustrates the effect on net income and earnings per share
     if  the  Company  had applied the fair value recognition provisions of FASB
     Statement No. 123, "Accounting for Stock-Based Compensation" to stock-based
     employee  compensation.

<TABLE>
<CAPTION>
                                          THREE MONTHS ENDED
                                      ----------------------------
                                       MAY 3, 2003    MAY 4, 2002
                                      -------------  -------------
<S>                                   <C>            <C>
Net income, as reported               $     15,565   $      8,280
Deduct:
  Stock-based employee compensation
  expense not included in reported net
  income, net of tax                          (174)          (284)
                                      -------------  -------------

Pro forma net income                  $     15,391   $      7,996
                                      =============  =============

Earnings per share:
  Basic - as reported                 $       0.32   $       0.17
  Basic - pro forma                   $       0.32   $       0.16
  Diluted - as reported               $       0.32   $       0.17
  Diluted - pro forma                 $       0.31   $       0.16
</TABLE>


                                        6
<PAGE>


4.   NEW  ACCOUNTING  PRONOUNCEMENTS
     On  July  5,  2001,  the  FASB  issued  SFAS No. 143, "Accounting for Asset
     Retirement Obligations". That standard requires entities to record the fair
     value  of  a  liability for an asset retirement obligation in the period in
     which  it is incurred. When the liability is initially recorded, the entity
     capitalizes  a  cost  by  increasing  the  carrying  amount  of the related
     long-lived asset. Over time, the liability is accreted to its present value
     each  period,  and the capitalized cost is depreciated over the useful life
     of  the  related  asset. Upon settlement of the liability, an entity either
     settles  the  obligation  for  its recorded amount or incurs a gain or loss
     upon  settlement. The standard is effective for the year ending January 31,
     2004.  Management has determined that SFAS No. 143 will not have a material
     effect  on  our  condensed  consolidated  financial  statements.

     In  January  2003,  the FASB issued Interpretation No. 46 "Consolidation of
     Variable Interest Entities". The interpretation defines a variable interest
     entity  as  a  corporation, partnership, trust or any other legal structure
     used  for  business purposes that either (a) does not have equity investors
     with  voting  rights  or  (b)  has  equity  investors  that  do not provide
     sufficient  financial resources for the equity to support its activities. A
     variable  interest  entity often holds financial assets, including loans or
     receivables,  real estate or other property. A variable interest entity may
     be  essentially  passive  or  it  may engage in research and development or
     other activities on behalf of another company. This interpretation requires
     a  variable interest entity to be consolidated by a company if that company
     is  subject  to  a  majority of the risk of loss from the variable interest
     entity's  activities  or  entitled  to  receive  a majority of the entity's
     residual  returns  or  both.  The  interpretation also requires disclosures
     about  variable  interest  entities  that  the  Company  is not required to
     consolidate but in which it has a significant variable interest. Management
     has  determined  that  the  Company  does  not  have  any  interests  in
     unconsolidated  entities  that  qualify  as  variable  interest  entities.

5.   DISCONTINUED  OPERATIONS
     In  January  2002,  the  Company's  Board  of  Directors  authorized  the
     disposition  of Lux Corp., which represented the Company's apparel segment.
     On  May  17, 2002, the Company sold the stock of Lux Corporation, d/b/a Mr.
     Rags.  Through  the  date  of disposition, the operations of Lux Corp. were
     accounted  for  as  a  discontinued operation in the Company's consolidated
     financial statements. In January 2003, Lux Corp. filed a voluntary petition
     for  relief  under  Chapter  11 of the Bankruptcy Code in the United States
     Bankruptcy  Court  for  the  Southern  District  of California. In order to
     conform  to  the  separate  presentation  of  the  net assets and operating
     results  of  Mr.  Rags  as  a discontinued operations, certain prior period
     amounts  have  been reclassified to conform to current period presentation.

     As  of  May  3,  2003, the Company remains as a guarantor on 12 real estate
     leases  for  Mr.  Rags  store  locations  with  future  rental  payments of
     approximately  $6.2  million.  As  of  May  3, 2003, the Company also had a
     contingent  liability  as  lessee  under  a  master  lease  agreement  on
     approximately  $3.5  million  of  gross  future lease payments on operating
     leases  for  equipment  and  leasehold  improvements of Lux Corp. that were
     assigned  to  Lux Corp. at the time of the sale. The Company entered into a
     transitional services agreement with the new owner of Lux Corp. in May 2002
     under  which  the  Company  performed  certain  transition services for the
     benefit of Mr. Rags. The Company had no decision-making authority under the
     terms  of the agreement. The service agreement was for an initial period of
     one  year  with  two,  three month renewal options. Lux Corp. has cancelled
     these services effective May 31, 2003. During the three months ended May 3,
     2003, the Company has received approximately $.4 million for these services
     and  has  included  this amount within interest and other income within the
     Unaudited  Condensed Consolidated Statement of Operations and Comprehensive
     Income.


                                        7
<PAGE>


6.   SEGMENT  INFORMATION
     The Company is primarily organized based on the geographic markets in which
     it operates. Under this organizational structure, the Company currently has
     two reportable segments: North America and International. Net sales for the
     periods  presented  were  as  follows:

<TABLE>
<CAPTION>
                                  THREE MONTHS ENDED
                                  ------------------
                                    MAY 3,   MAY 4,
                                    2003      2002
                                  --------  --------
<S>                               <C>       <C>
            North America         $176,822  $162,953
            International           62,934    47,407
                                  --------  --------
               Total              $239,756  $210,360
                                  ========  ========
</TABLE>

Net income for the periods presented was as follows:

<TABLE>
<CAPTION>
                                  THREE MONTHS ENDED
                                  ------------------
                                    MAY 3,   MAY 4,
                                    2003      2002
                                  --------  --------
<S>                               <C>       <C>
            North America         $13,597   $ 8,773
            International           1,968      (493)
                                  --------  --------
               Total              $15,565   $ 8,280
                                  ========  ========
</TABLE>

7.   STATEMENTS  OF  CASH  FLOWS
     Payments  of income taxes were $12.0 million and $1.6 million for the three
     months  ended  May  3,  2003  and  May  4,  2002, respectively. Payments of
     interest  were  $.7 million and $1.2 million for the three months ended May
     3,  2003  and  May  4,  2002.

ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
          RESULTS  OF  OPERATIONS.

We  are  a  leading  mall-based retailer of value-priced fashion accessories for
pre-teens  and  teenagers  as  well  as  young  adults  through our wholly-owned
subsidiaries, Claire's Boutiques, Inc., which also operates through its Icing by
Claire's  division,  Claire's Puerto Rico Corp., Claire's Canada Corp., Claire's
Accessories  UK  Ltd.,  Bijoux  One  Trading  GmbH,  Claire's  Switzerland GmbH,
Claire's  Germany  GmbH  (Bijoux,  which  are our stores located in Switzerland,
Austria and Germany), Claire's France and Claire's Nippon Co. Ltd., which is our
50%-owned  joint  venture  with  Aeon  Co, Ltd. (f/k/a Jusco Co., Ltd.).  We are
primarily  organized  based  on  our geographic markets, which include our North
American  operations  and  our  International  operations.

As  of  May  3, 2003 we operated a total of 2,939 stores in all 50 states of the
United  States, Canada, the Caribbean, the United Kingdom, Switzerland, Austria,
Germany,  France,  Ireland  and Japan.  The stores are operated mainly under the
trade  names "Claire's Boutiques", "Claire's Accessories", "Afterthoughts", "The
Icing",  "Icing  by  Claire's",  and  "Bijoux  One".  We  are  in the process of
transitioning  our  "Afterthoughts"  stores  to  "Icing  by  Claire's" stores to
capitalize  on  the  Claire's  brand  name.

Annually,  our  fiscal  year  ends  on the Saturday closest to January 31.  As a
result,  both  our  current  and  prior  fiscal  years  consist  of four 13-week
quarters.  We  refer  to  the prior fiscal year ended February 1, 2003 as Fiscal
2003,  and  the  current  fiscal  year  ending  January 31, 2004 as Fiscal 2004.


                                        8
<PAGE>


The  following  discussion  and  analysis  provides  information that management
believes  is  useful  in  understanding  our  operating results, cash flows, and
financial  condition.  The discussion should be read in conjunction with, and is
qualified  in its entirety by reference to, the unaudited condensed consolidated
financial  statements  and related notes thereto included elsewhere in this Form
10-Q.  The  discussions  in  Management's  Discussion  and Analysis of Financial
Condition  and  Results  of  Operations  contain forward-looking statements that
involve  risks  and  uncertainties.  Our  actual results could differ materially
from  those anticipated in these forward-looking statements.  Factors that could
cause  or  contribute to such differences include, but are not limited to, those
discussed  under  "Forward-  Looking  Statements"  in  this  section, as well as
estimates  and  judgments  used  in  preparing  our  financial  statements.

The  following  table  sets  forth, for the periods indicated, percentages which
certain  items  reflected  in  the  financial  statements bear to our net sales:

<TABLE>
<CAPTION>
                                                             THREE MONTHS ENDED
                                                  --------------------------------------
                                                        MAY 3,               MAY 4,
                                                         2003                 2002
                                                  ------------------   -----------------
<S>                                               <C>         <C>      <C>        <C>
Net sales                                         $239,756    100.0%   $210,360   100.0%
  Cost of sales, occupancy and buying expenses     115,140     48.0     107,780    51.2
                                                  ---------  -------   ---------  ------
  Gross profit                                     124,616     52.0     102,580    48.8

Other expenses (income):
  Selling, general and administrative               90,991     38.0      80,401    38.2
  Depreciation and amortization                      9,854      4.1       8,802     4.2
  Interest expense                                     772      0.3       1,091     0.5
  Interest and other income                           (944)    (0.4)       (461)   (0.2)
                                                  ---------  -------   ---------  -----
                                                   100,673     42.0      89,833    42.7

  Income before income taxes                        23,943     10.0      12,747     6.1

Income taxes                                         8,378      3.5       4,467     2.1
                                                  ---------  -------   ---------  ------
  Net income                                      $ 15,565      6.5%   $  8,280     3.9%
                                                  =========  =======   =========  ======
</TABLE>

CRITICAL  ACCOUNTING  POLICIES  AND  ESTIMATES

Our discussion and analysis of our financial condition and results of operations
are  based  upon our consolidated financial statements, which have been prepared
in accordance with accounting principles generally accepted in the United States
of  America.  The  preparation of these financial statements requires us to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues  and   expenses,  and  related  disclosure  of  contingent  assets  and
liabilities.  On  an  on-going basis, we evaluate our estimates, including those
related  to  inventories,  valuation  of  goodwill and intangible assets, income
taxes, financing operations, contingencies and litigation. We base our estimates
on  historical experience and on various other assumptions that we believe to be
reasonable  under  the  circumstances,  the  results of which form the basis for
making  judgments  about  the carrying values of assets and liabilities that are
not  readily  apparent  from other sources. Actual results may differ from these
estimates  under  different  assumptions  or  conditions.

Management  believes  that  the  following  accounting policies include a higher
degree  of  judgment  and/or complexity and, thus, are considered to be critical
accounting  policies.  Management has discussed the development and selection of
these  critical  accounting  policies  with  the Audit Committee of the Board of
Directors and the Audit Committee has reviewed our disclosures relating to them.


                                        9
<PAGE>


Inventory  Valuation  -  We  mark  down our inventory for estimated unmarketable
inventory  equal  to  the  difference  between  the  cost  of  inventory and the
estimated  market  value  based  upon assumptions about future demand and market
conditions.  If actual market conditions are less favorable than those projected
by  management,  additional  inventory  markdowns  may  be required, which could
reduce  our  margins  and operating results.  Management records these inventory
markdowns  periodically  based  on  the  various assumptions, including customer
demand  and  preferences.  Our  success  is  largely dependent upon management's
ability  to  gauge  the  fashion tastes of our customers and provide merchandise
that  satisfies customer demand.  Any failure to provide appropriate merchandise
in  quantities  that  mirror demand could increase future inventory write-downs.
Additionally,  our  inventories  are  valued  using  the  retail method in North
America  and  Bijoux  and average cost in UK and France.  Fluctuations in demand
for  inventory  affect  the  value  of  our  inventory.

Asset  Impairment  -  We invest in property and equipment in connection with the
opening and remodeling of stores. We evaluate the recoverability of these assets
periodically  and  record an impairment charge when we believe the cash flow may
not  be  sufficient  to  recover  the  assets.  Future adverse changes in market
conditions or poor operating results of underlying assets could result in losses
or an inability to recover the carrying value of the investments that may not be
reflected  in an investment's current carrying value, thereby possibly requiring
an  impairment charge in the future.  During Fiscal 2003, we recorded impairment
charges  of  $2.7  million relating to fixed assets in our International segment
due  to  those  assets not being recoverable by estimated discounted cash flows.
No  impairment  has  been  recorded  during  Fiscal  2004.

Goodwill  Impairment  -  We  continually  evaluate whether events and changes in
circumstances  warrant  revised  estimates  of useful lives or recognition of an
impairment  loss  of unamortized goodwill.  The conditions that would trigger an
impairment  assessment  of unamortized goodwill include a significant, sustained
negative  trend in our operating results or cash flows, a decrease in demand for
our  products,  a  change  in the competitive environment and other industry and
economic  factors.  We  measure impairment of unamortized goodwill utilizing the
discounted  cash  flow  method.  The  estimated  discounted  cash flows are then
compared  to  our  goodwill amounts.  If the unamortized balance of the goodwill
exceeds  the  estimated  discounted  cash  flows,  the excess of the unamortized
balance is written off.  Future cash flows may not meet projected amounts, which
could  result  in  impairment.

Intangible Asset Impairment - We continually evaluate whether events and changes
in circumstances warrant revised estimates of the useful lives or recognition of
an  impairment loss for intangible assets.  Future adverse changes in market and
legal conditions, or poor operating results of underlying assets could result in
losses  or  an  inability to recover the carrying value of the intangible asset,
thereby  possibly requiring an impairment charge in the future.  The Company has
concluded  that  certain intangible assets, comprised primarily of lease rights,
qualify  as  indefinite-life  intangible assets.  Fair market value of the lease
rights  were  determined through the use of third-party valuation.  In addition,
we  make investments through our international subsidiaries in intangible assets
upon  the  opening  and  acquisition  of  many of our store locations in Europe.
These  other  intangible  assets which are subject to amortization are amortized
over  the  useful  lives  of  the respective leases, not to exceed 25 years.  We
evaluate the market value of these assets periodically and record the impairment
charge  when  we  believe  the  asset has experienced a decline in value that is
other  than  temporary.  We  recorded  impairment  charges of approximately $1.0
million in Fiscal 2003 because the market value of certain lease rights included
in  our  international  segment  were  determined to be less than their carrying
values.  No  impairment  has  been  recorded  during  Fiscal  2004.

Accounting  for Leases - We finance certain leasehold improvements and equipment
used  in  our  stores  through  transactions  accounted  for  as  non-cancelable
operating  leases.   As  a  result,  the  rental  expense  for  these  leasehold
improvements  and equipment is recorded during the term of the lease contract in
our  consolidated  financial statements, generally over four to seven years.  In
the  event  that any of the real property leases where leasehold improvements or
equipment  is  located that are subject to these non-cancelable operating leases
is  terminated  by  us or our landlord prior to the scheduled expiration date of
the  real property lease, we will be required to accrue all future rent payments
under  these  operating  leases  as a charge against our earnings in the year of
termination.


                                       10
<PAGE>


Deferred  Taxes  -  We  record  a valuation allowance to reduce our deferred tax
assets to the amount that is more likely than not to be realized.  The valuation
allowance  is  determined  based  on  estimates  by management of future taxable
income.  Our  estimates  of future taxable income can be affected by a number of
factors,  including  possible  tax  audits  or  general  economic  conditions or
competitive  pressures  that  could  affect our future taxable income.  While we
have  considered  future  taxable  income  and  ongoing prudent and feasible tax
planning  strategies  in  assessing  the  need for a valuation allowance, in the
event we were to determine that we would not be able to realize our deferred tax
assets  in  the  future, an adjustment to the valuation allowance would be made.
Likewise,  should  we determine that we would not be able to realize all or part
of  a  net  deferred  tax asset in the future, an adjustment to the deferred tax
asset  would  be  charged  to  income in the period such determination was made.
Recorded  within  our  financial  statements  is  a valuation allowance of $12.6
million  at  May  3, 2003 due to uncertainties related to the ability to utilize
some  of our deferred tax assets, consisting of net operating loss carryforwards
of  $12.6  million relating to the operations of our foreign subsidiaries, $12.2
million  of which have indefinite expiration, and $.4 million of which expire in
Fiscal  2006.

Although  management  believes that the estimates discussed above are reasonable
and  the   related  calculations   conform  to   generally  accepted  accounting
principles,  actual  results  could  differ  from  these  estimates,   and  such
differences  could  be  material.

RESULTS  OF  OPERATIONS

The  operating  results  of Claire's Nippon Co., Ltd. (Nippon) are accounted for
under  the  equity method.  As a result, any losses incurred by Nippon in excess
of our investment and advances are not reflected in our income statement because
the  operations  are  not  part  of  our  consolidated  group in accordance with
generally accepted accounting principles.  Accordingly, the operating results of
Nippon  are  not included in the following analysis. In addition, the assets and
liabilities  of  Nippon  are  not  included  in our consolidated balance sheets.
Under  the equity method, our original investment in Nippon was recorded at cost
and  had  been  adjusted  periodically  to  recognize our proportionate share of
earnings  or  losses  from Nippon since the acquisition date.  As of May 3, 2003
and  May  4,  2002,  our  investment  in  Nippon  was  carried  at  zero  on our
consolidated  balance  sheet.

Our  fiscal  years  end on the Saturday closest to January 31.  As a result, our
Fiscal  2004  and  Fiscal  2003  results  consisted  of  52  weeks.

Net  sales for the three months ended May 3, 2003 increased approximately 14.0%,
or  $29.4  million,  over the comparable period ended May 4, 2002.  The increase
for  the  period  resulted primarily from a same-store sales increase during the
period  of  8%,  a weaker U.S. dollar and an increase in average sales per store
for  new  stores.  Same-store  sales in North America were in excess of those in
Europe  during the period, driven by successful product offerings across several
departments.  The  average  sales  per  store in new stores increased during the
quarter  primarily due to a higher percentage of our new stores being located in
Europe, which typically generate higher sales per store than our stores in North
America.

Gross  profit  for  the  three  months  ended  May  3,  2003 increased 3.2% as a
percentage of sales, or $22.0 million, compared to the three months ended May 4,
2002.  The  increase  as  a  percentage  of  sales  was  the  result of improved
merchandise  margins and leverage on occupancy costs, which are fixed in nature,
made  possible  by the same-store sales increases during the period.  The higher
merchandise  margins  were achieved by taking fewer markdowns during the quarter
as customer demand exceeded our plans and higher initial mark-up at our Icing by
Claire's  division.

Selling,  general  and administrative expenses for the three months ended May 3,
2003  decreased  .2%  as a percentage of sales, or an increase of $10.6 million,
compared to the three months ended May 4, 2002.  The decrease as a percentage of
sales was caused primarily by the effect of positive same-store sales during the
quarter  on  our  store  payroll  and corporate overhead, offset by higher bonus
expense  in  North  America  and  higher expenses related to the building of our
infrastructure  in  our  European  division.

Depreciation  and  amortization  for the three months ended May 3, 2003 was $9.9
million as compared to $8.8 million for the three months ended May 4, 2002.  The
increase  is  primarily the result of higher foreign currency exchange rates due
to  the  weaker  U.S.  dollar during the period as compared to the prior period.


                                       11
<PAGE>


Interest  expense  was  $.8  million  for  the three months ended May 3, 2003 as
compared  to  $1.1  million  for  the  three months ended May 4, 2002.  The $ .3
million  decrease  in interest expense was due primarily to lower interest rates
on  our credit facilities and lower outstanding debt balances during the period.

Interest and other income was $.9 million for the three months ended May 3, 2003
as  compared to $.5 million for the three months ended May 4, 2002.  Included in
the  current period was approximately $.4 million of service fees related to the
services  provided  to  Lux Corp., which were terminated effective May 31, 2003.

Our  effective  tax rate was 35% during the periods ended May 3, 2003 and May 4,
2002.

In January 2002, our Board of Directors authorized the disposition of Lux Corp.,
which  represented  our  apparel segment.  On May 17, 2002, we sold the stock of
Lux  Corporation,  d/b/a  Mr.  Rags.   Through  the  date  of  disposition,  the
operations  of  Lux  Corp. were accounted for as a discontinued operation in our
consolidated financial statements.  In January 2003, Lux Corp. filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code in the United States
Bankruptcy  Court  for  the Southern District of California.  In April 2003, Lux
Corp.  advised  the  Bankruptcy  Court  that it intends to liquidate its assets.

As  of  May  3,  2003, we remain as a guarantor on 12 real estate leases for Mr.
Rags  store locations with future rental payments of approximately $6.2 million.
As  of  May 3, 2003, we also had a contingent liability as lessee under a master
lease  agreement on approximately $3.5 million of gross future lease payments on
operating leases for equipment and leasehold improvements of Lux Corp. that were
assigned  to  Lux  Corp.  at  the  time  of the sale.  We entered into a service
agreement  with  the new owner of Lux Corp. in May 2002 under which we performed
certain transition services for the benefit of Mr. Rags, with no decision making
authority.  The  service  agreement  was for an initial period of one year, with
two  three-month  renewal  options.  Lux  Corp.  has  cancelled  these  services
effective  May  31, 2003.  As of May 3, 2003, we have received approximately $.4
million  for these services and have included this amount in "interest and other
income" within our Unaudited Condensed Consolidated Statements of Operations and
Comprehensive  Income  for  the  three  months  ended  May  3,  2003.

In order to conform to the separate presentation of the net assets and operating
results  of  Lux Corp. as a discontinued operation, certain prior period amounts
have  been  reclassified  to  conform  to  current  period  presentation.

QUARTERLY  INFORMATION  AND  SEASONALITY

The  specialty  retail  industry  is seasonal in nature and a disproportionately
higher  level of our revenues and earnings are generated in the fall and holiday
selling  seasons.  Our  working  capital  requirements  and inventories increase
substantially  in  the  third  quarter  in  anticipation  of the holiday selling
season.

LIQUIDITY  AND  CAPITAL  RESOURCES

In  connection  with  the  acquisition  of Afterthoughts in December of 1999, we
entered into a credit facility pursuant to which we financed $200 million of the
purchase  price  for  Afterthoughts.  The credit facility includes a $40 million
revolving  line  of credit which matures on December 1, 2004, and a $175 million
five  year  term  loan,  the first installment of which was paid on December 31,
2000, with future installments, thereafter, payable on a quarterly basis through
December  1,  2004.  The credit facility is prepayable without penalty and bears
interest  at  a  margin  of 100 basis points over the London Interbank Borrowing
Rate.  The  margin  is  adjusted  periodically  based  on  our performance as it
relates  to  certain  financial  covenants.   On  May  3,  2003  no  amount  was
outstanding  on  this  line of credit, while $81.7 million was outstanding under
the  term  loan.  Also,  on  May  3,  2003,  we were in compliance with all debt
covenants.  We  cannot  re-borrow  amounts  repaid  under  the  term loan.  As a
result,  we  have  no future availability under the term loan.  We can re-borrow
amounts  repaid  under the revolving line of credit, subject to the terms of the
credit  facility.  As  of  May 3, 2003, we had $40 million of availability under
the  revolving  line  of  credit.  We also had $2.0 million of issued letters of
credit  which  are supported by and considered drawn against our line of credit.


                                       12
<PAGE>


We  are  required  to  maintain  financial  ratios  under  our  credit facility.
Required  financial  ratios  include  fixed  charge coverage ratio, consolidated
leverage  ratio  and  current  ratio.  The  credit  facility also contains other
restrictive  covenants  which  limit,  among  other  things, our ability to make
dividend  distributions.   If  these  financial  ratios  and  other  restrictive
covenants are not maintained, our bank will have the option to require immediate
repayment of all amounts outstanding under the credit facility.  The most likely
result  would  require  us  to  either  renegotiate  certain terms of the credit
agreement,  obtain a waiver from the bank, or obtain a new credit agreement with
another  bank,  which  may  contain  different  terms.

Our  cash  flow  from  operations,  together  with  our  cash balances, provides
adequate liquidity to meet our operational needs and debt obligations.  Cash and
cash  equivalents  totaled  $167.3  million  at  May  3,  2003.

Net  cash  provided by operating activities from continuing operations was $11.8
million for the three months ended May 3, 2003 compared to $12.9 million for the
three  months  ended  May  4, 2002.  The primary sources of net cash provided by
operating  activities  from  continuing  operations  during the first quarter of
Fiscal 2004 was net income adjusted for non-cash items, the increase in accounts
payable  of  $9.0  million, offset by an increase in inventory, prepaid expenses
and  other  assets  of  $21.0  million.

Inventory  at May 3, 2003 increased 11% compared to the inventory balance at the
end  of  Fiscal  2003.  This  increase  is  primarily a result of the seasonally
adjusted levels of inventory that we carry to meet expected future sales demand.

Net  cash  used  in  investing  activities of $10.5 million for the three months
ended  May  3,  2003 was primarily capital expenditures of $10.0 million and the
purchase  of  intangible  assets  in  our  international  operations.

Net  cash  used  in  financing activities was $30.3 million for the three months
ended  May 3, 2003 as compared to $1.9 million for the three months ended May 4,
2002.  The  cash used in financing activities during the first quarter of Fiscal
2004  was  to fund $1.9 million of dividends on our Class A and Common stock, as
well  as reduce our lines of credit balance and term loan on our Credit Facility
by  $28.8  million.

For the three months ended May 3, 2003, we opened 58 stores and closed 31 stores
ending  the  quarter  with  2,939  stores.

We  believe  that  our significant cash balances, consistent ability to generate
cash  flow from operations and available funds under our credit facility will be
sufficient  to  fund  our  operations,  debt  and  currently anticipated capital
expenditure  plans  for  Fiscal  2004.

During  the three months ended May 3, 2003, the U.S. dollar weakened against the
major  currencies  included  in  our  consolidated  financial  statements.  As a
result,  the  cumulative  foreign  currency  translation   adjustment  increased
shareholders'  equity  by  $1.2  million for the three months ended May 3, 2003.

We  finance  certain  leasehold  improvements  and  equipment used in our stores
through  transactions  accounted  for  as  non-cancelable operating leases. As a
result,  the  rental  expense  for these leasehold improvements and equipment is
recorded  during  the  term  of  the lease contract in our financial statements,
generally  over  four  to  seven  years.  We have approximately $19.5 million of
future  obligations related to these operating leases, including obligations for
equipment  and  leasehold  improvement leases assigned to Lux Corp. In the event
that  any  of the real property leases where leasehold improvements or equipment
is  located  that  are  subject  to  these  non-cancelable  operating  leases is
terminated  by  us or our landlord prior to the scheduled expiration date of the
real  property  lease,  we may be required to pay all future rent payments under
these  operating  leases.  At  May  3,  2003, we had $433,000 accrued related to
future  payment  obligations  on leasehold improvement leases for closed stores.


                                       13
<PAGE>


Working  capital at May 3, 2003 was $167.9 million compared to $180.6 million at
February 1, 2003.  The decrease in working capital was primarily attributable to
a  decrease  in  cash  and  cash  equivalents of $28.2 million as we reduced our
borrowings  under  our  lines  of  credit.

In  May  2003, our Board of Directors authorized us to increase our dividends on
our Class A common stock from $.02 per share to $.03 per share and from $.04 per
share  to  $.06  per  share  on  our  Common  Stock.

FORWARD-LOOKING  STATEMENTS

The  Private  Securities  Litigation  Reform Act of 1995, or the Act, provides a
safe  harbor  for "forward-looking statements" made by or on our behalf.  We and
our representatives may from time to time make written or verbal forward-looking
statements,  including  statements  contained in this and other filings with the
Securities  and  Exchange  Commission  and  in our press releases and reports to
shareholders.  All  statements  which  address  operating performance, events or
developments  that  we  expect or anticipate will occur in the future, including
statements  relating  to  new  store openings, customer demand, future operating
results,  are  forward-looking  statements  within the meaning of the Act and as
defined  in Section 21E of the Securities Exchange Act of 1934, as amended.  The
forward-looking  statements  are  and will be based on management's then current
views  and  assumptions regarding future events and operating performance and we
assume  no  obligation to update any forward-looking statement.  Forward-looking
statements involve known or unknown risks, uncertainties and other factors which
may  cause  our actual results, performance or achievements, or industry results
to  be materially different from any future results, performance or achievements
expressed  or  implied  by  such forward-looking statements.  Factors that could
cause  or  contribute  to  such  differences  include  but  are  not limited to:
fluctuations  in  sales and same-store sales results, fashion trends, dependence
on  foreign suppliers, competition from other retailers, relationships with mall
developers and operators, general economic conditions, success of joint ventures
and  relationships  with and reliance upon third parties, potential difficulties
or  delays  in  identifying,  attracting  and retaining qualified individuals to
serve  in  senior  management positions, uncertainties generally associated with
specialty  retailing,  and  the  other  factors  referred to herein.  Additional
information concerning these risks and uncertainties is contained in our filings
with the Securities and Exchange Commission, including our Annual Report on Form
10-K  for  the  year  ended  February  1,  2003.

ITEM  3.  QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK

Foreign  Currency
-----------------
We  are  exposed to market risk from foreign currency exchange rate fluctuations
on  the  U.S.  dollar value of foreign currency denominated transactions and our
investment  in  foreign  subsidiaries.  We  manage  this exposure to market risk
through our regular operating and financing activities, but currently do not use
foreign  currency  purchased  put options or foreign exchange forward contracts.
During  the  first three months of Fiscal 2004, included in comprehensive income
and  stockholders'  equity  is  $1.2  million  reflecting the unrealized gain on
foreign  currency  translation.  Based  on our average net currency positions at
May  3,  2003, the potential gain or loss due to a 10% adverse change on foreign
currency  exchange  rates  could  be  significant  to  our  operations.

Interest  Rates
---------------
Our  exposure  to  market  risk  for changes in interest rates is limited to our
cash,  cash  equivalents  and debt.  Based on our average invested cash balances
and  outstanding  debt  during  the  first  three  months  of Fiscal 2004, a 10%
increase  in  the  average effective interest rate in Fiscal 2004 would not have
materially  impacted  our  annual  net  interest  expense.


                                       14
<PAGE>


ITEM  4.  CONTROLS  AND  PROCEDURES

(a)  Evaluation  of  Disclosure  Controls  and  Procedures

     Based  on  their  evaluation  of  our  disclosure  controls  and procedures
     conducted  within  90  days of the date of filing this report on Form 10-Q,
     our acting co-Chief Executive Officers and our Chief Financial Officer have
     concluded  that  our  disclosure controls and procedures, as of the date of
     their  evaluation,  have  been  designed and are being operated in a manner
     that  provides  reasonable  assurance  that  the information required to be
     disclosed  by us in reports filed under the Securities Exchange Act of 1934
     is  recorded,  processed,  summarized  and reported within the time periods
     specified  in  the  SEC's  rules  and  forms.

(b)  Changes  in  Internal  Controls

     There  were  no  significant  changes  in our internal controls or in other
     factors  that  could  significantly affect these controls subsequent to the
     date  of  their evaluation, including any corrective actions with regard to
     significant  deficiencies  and  material  weaknesses.

                           PART II.  OTHER INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS

     We are, from time to time, involved in routine litigation incidental to the
conduct  of our business, including proceedings to protect our trademark rights,
litigation  instituted  by  persons  injured upon premises under our control and
litigation  with present and former employees.  Although litigation with present
and  former  employees is routine and incidental to the conduct of our business,
like  any  business  employing significant numbers of employees, such litigation
can  result  in  large monetary awards when a civil jury is allowed to determine
compensatory  and/or punitive damages for actions claiming discrimination on the
basis  of  age,  gender,  race,  religion, disability of other legally protected
characteristic or for termination of employment that is wrongful or in violation
of  implied  contracts.  We  believe  that currently pending litigation will not
have  a  material  adverse  effect  on  our financial position, earnings or cash
flows.  We  may also become involved with litigation for businesses that we have
acquired  or  businesses  that  we  have  disposed of, and we may be required to
pursue  our  indemnification  rights,  to the extent available, under agreements
with  third  parties  for liabilities, if any, that might be assessed against us
for these claims.  Potential claims may also be asserted against us by creditors
of  Lux  Corp.  as  a  result  of its recent bankruptcy filing.  These potential
claims  may include or relate to obligations under real estate leases guaranteed
by  us, obligations under equipment and leasehold improvement leases assigned by
us to Lux Corp., and payments received by us under the stock purchase agreement.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

          (a)  Exhibits

               99.1  Certifications  pursuant  to Section 906 of the Sarbanes-
               Oxley Act of 2002.

               99.2  Certification  pursuant  to  Section 906 of the Sarbanes-
               Oxley Act of 2002.

          (b)  Reports  on  Form  8-K

          During  the  quarterly  period  ended  May  3, 2003, the Company filed
the following  Current  Reports  on  Form  8-K:

               Report  on  Form  8-K  dated  March  13,  2003  under  Items  7
               and  9.

ITEMS  2,  3,  4  AND  5  ARE  NOT  APPLICABLE  AND  HAVE  BEEN  OMITTED.


                                       15
<PAGE>


                                    SIGNATURE
                                    ---------

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.

                                                  CLAIRE'S  STORES,  INC.
                                                  -----------------------
                                                  (Registrant)

June  16,  2003                                   /s/  Marla  L.  Schaefer
                                                  ------------------------
                                                  Marla L. Schaefer
                                                  Acting Co-Chairman and Co-
                                                  Chief Executive Officer
                                                  and  Vice Chairman of
                                                  the  Board

June  16,  2003                                   /s/  E.  Bonnie  Schaefer
                                                  -------------------------
                                                  E.  Bonnie Schaefer
                                                  Acting Co-Chairman and Co-
                                                  Chief Executive Officer
                                                  and  Vice  Chairman  of
                                                  the Board

June  16,  2003                                   /s/  Ira  D.  Kaplan
                                                  --------------------
                                                  Ira  D.  Kaplan
                                                  Senior  Vice  President
                                                  and  Chief  Financial
                                                  Officer


                                       16
<PAGE>


                                INDEX TO EXHIBITS
                                -----------------


EXHIBIT  NO.     DESCRIPTION
------------     -----------
     99.1        Certifications  of  Acting  Co-Chief  Executive  Officers.
     99.2        Certificates  of  Chief  Financial  Officer


                                       17
<PAGE>


                                  CERTIFICATION

I,  Marla  Schaefer,  acting co-Chief Executive Officer of Claire's Stores, Inc.
(the  "Company"),  certify  that:

1.   I  have  reviewed  this  quarterly  report  on  Form 10-Q of  the  Company;

2.   Based  on my knowledge, this quarterly report does not contain  any  untrue
statement of a material fact or omit to state a material fact necessary in order
to  make  the  statements  made,  in light of the circumstances under which such
statements  were made, not misleading with respect to the period covered by this
quarterly  report;

3.   Based  on  my  knowledge,  the  financial statements, and  other  financial
information  included  in  this quarterly report, fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
Company  as  of,  and  for,  the  periods  presented  in  this quarterly report.

4.   The  Company's  other  certifying  officers  and  I  are   responsible  for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rules  13a-14  and  15d-14)  for  the  registrant  and  we  have:

     (a)  designed  such  disclosure  controls  and  procedures  to  ensure that
          material  information  relating  to  the  registrant,   including  its
          consolidated  subsidiaries, is made known to us by others within those
          entities,  particularly  during  the  period  in  which this quarterly
          report  is  being  prepared;

     (b)  evaluated the effectiveness of  the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     (c)  presented   in   this  quarterly  report  our  conclusions  about  the
          effectiveness  of  the disclosure controls and procedures based on our
          evaluation  as  of  the  Evaluation  Date;

5.   The  Company's  other  certifying officers and I have disclosed,  based  on
our most recent evaluation, to the registrant's auditors and the audit committee
of  registrant's  board  of  directors  (or  persons  performing  the equivalent
function):

     (a)  all  significant  deficiencies  in the design or operation of internal
          controls  which  could  adversely  affect  the registrant's ability to
          record,  process,  summarize   and  report  financial  data  and  have
          identified  for  the  registrant's auditors any material weaknesses in
          internal  controls;  and

     (b)  any  fraud, whether or not material, that involves management or other
          employees  who  have  a  significant role in the registrant's internal
          controls;  and

6.   The  Company's  other  certifying  officers  and I have indicated  in  this
quarterly  report  whether  or  not  there  were significant changes in internal
controls  or  in other factors that could significantly affect internal controls
subsequent  to  the date of our most recent evaluation, including any corrective
actions  with  regard  to  significant  deficiencies  and  material  weaknesses.

June  16,  2003                              /s/  Marla  Schaefer
                                             --------------------
                                                  Marla  Schaefer
                                                  Acting  Co-Chief  Executive
                                                  Officer


                                       18
<PAGE>


                                  CERTIFICATION

I,  E.  Bonnie  Schaefer,  acting co-Chief Executive Officer of Claire's Stores,
Inc.  (the  "Company"),  certify  that:

1.   I  have  reviewed  this  quarterly  report  on  Form 10-Q of  the  Company;

2.   Based  on my knowledge, this quarterly report does not contain  any  untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not misleading with respect to the period covered by this quarterly
report;

3.   Based  on  my  knowledge,  the  financial statements,  and other  financial
information  included  in  this quarterly report, fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
Company  as  of,  and  for,  the  periods  presented  in  this quarterly report.

4.   The  Company's   other  certifying  officers  and  I  are  responsible  for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rules  13a-14  and  15d-14)  for  the  Company  and  we  have:

     (a)  designed  such  disclosure  controls  and  procedures  to  ensure that
          material   information   relating  to   the  Company,   including  its
          consolidated  subsidiaries, is made known to us by others within those
          entities,  particularly  during  the  period  in  which this quarterly
          report  is  being  prepared;

     (b)  evaluated  the  effectiveness of the Company's disclosure controls and
          procedures  as  of  a  date within 90 days prior to the filing date of
          this  quarterly  report  (the  "Evaluation  Date");  and

     (c)  presented  in  this  quarterly  report  our   conclusions   about  the
          effectiveness  of  the disclosure controls and procedures based on our
          evaluation  as  of  the  Evaluation  Date;

5.   The  Company's  other  certifying officers and I have disclosed,  based  on
our most recent evaluation, to the Company's auditors and the audit committee of
Company's  board  of  directors (or persons performing the equivalent function):

     (a)  all  significant  deficiencies  in the design or operation of internal
          controls which could adversely affect the Company's ability to record,
          process,  summarize  and report financial data and have identified for
          the  Company's  auditors any material weaknesses in internal controls;
          and

     (b)  any  fraud, whether or not material, that involves management or other
          employees  who  have  a  significant  role  in  the Company's internal
          controls;  and

6.   The  Company's  other  certifying  officers  and I have indicated  in  this
quarterly  report  whether  or  not  there  were significant changes in internal
controls  or  in other factors that could significantly affect internal controls
subsequent  to  the date of our most recent evaluation, including any corrective
actions  with  regard  to  significant  deficiencies  and  material  weaknesses.

June  16,  2003                              /s/  E.  Bonnie  Schaefer
                                             -------------------------
                                                  E.  Bonnie  Schaefer
                                                  Acting  Co-Chief  Executive
                                                  Officer


                                       19
<PAGE>


                                  CERTIFICATION

I,  Ira  D.  Kaplan,  Chief  Financial  Officer  of  Claire's  Stores, Inc. (the
"Company"),  certify  that:

1.   I  have  reviewed  this  quarterly  report  on  Form 10-Q of  the  Company;

2.   Based  on my knowledge, this quarterly report does not contain  any  untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not misleading with respect to the period covered by this quarterly
report;

3.   Based  on  my  knowledge,  the  financial statements, and  other  financial
information  included  in  this quarterly report, fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
Company  as  of,  and  for,  the  periods  presented  in  this quarterly report.

4.   The  Company's  other  certifying  officers  and  I  are   responsible  for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rules  13a-14  and  15d-14)  for  the  Company  and  we  have:

     (a)  designed  such  disclosure  controls  and  procedures  to  ensure that
          material  information   relating   to  the  Company,   including   its
          consolidated  subsidiaries, is made known to us by others within those
          entities,  particularly  during  the  period  in  which this quarterly
          report  is  being  prepared;

     (b)  evaluated  the  effectiveness of the Company's disclosure controls and
          procedures  as  of  a  date within 90 days prior to the filing date of
          this  quarterly  report  (the  "Evaluation  Date");  and

     (c)  presented  in  this  quarterly  report  our  conclusions   about   the
          effectiveness  of  the disclosure controls and procedures based on our
          evaluation  as  of  the  Evaluation  Date;

5.   The  Company's  other  certifying officers and I have disclosed,  based  on
our most recent evaluation, to the Company's auditors and the audit committee of
Company's  board  of  directors (or persons performing the equivalent function):

     (a)  all  significant  deficiencies  in the design or operation of internal
          controls which could adversely affect the Company's ability to record,
          process,  summarize  and report financial data and have identified for
          the  Company's  auditors any material weaknesses in internal controls;
          and

     (b)  any  fraud, whether or not material, that involves management or other
          employees  who  have  a  significant  role  in  the Company's internal
          controls;  and

6.   The  Company's  other  certifying  officers  and I have indicated  in  this
quarterly  report  whether  or  not  there  were significant changes in internal
controls  or  in other factors that could significantly affect internal controls
subsequent  to  the date of our most recent evaluation, including any corrective
actions  with  regard  to  significant  deficiencies  and  material  weaknesses.

June  16,  2003                              /s/  Ira  D.  Kaplan
                                             --------------------
                                                  Ira  D.  Kaplan
                                                  Chief  Financial  Officer


                                       20
<PAGE>