Pembroke Pines, Fla., retailer's shares fall 16 percent.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

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COPYRIGHT 2004 The Miami Herald

Byline: Patrick Danner

Nov. 19--Investors punished Claire's Stores on Thursday after the Pembroke Pines retailer fell short on its third-quarter revenue target and lowered expectations for the current period.

Claire's shares plunged $4.19, or 16 percent, to $22.45.

The retailer, popular among the teenage set for its costume jewelry and accessories, blamed the third-quarter misfiring on lost sales related to the hurricanes.

But Claire's also warned that the weeks leading...

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