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<TITLE>Claire's Stores, Inc.</TITLE>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As filed with the Securities and Exchange Commission on May&nbsp;9, 2006</B>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration No. _________</B>
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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>REGISTRATION STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933</B>
</DIV>


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<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CLAIRE&#146;S STORES, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt"><B>(Exact name of registrant as specified in its charter)</B></DIV>


<DIV align="center">
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    <TD align="center" valign="top"><B>Florida</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>59-0940416</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>(State or other jurisdiction of<BR>
incorporation or organization)</B>
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    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(I.R.S. Employer Identification No.)</B></TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>3 S.W. 129<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Avenue<BR>
Pembroke Pines, Florida 33027</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt"><B>(Address of Principal Executive Offices)</B></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Claire&#146;s Stores, Inc. Amended and Restated 2005 Incentive Compensation Plan</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt"><B>(Full title of the Plan)</B></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Ira D. Kaplan<BR>
Senior Vice President and Chief Financial Officer<BR>
3 S.W. 129<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Avenue<BR>
Pembroke Pines, Florida 33027</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt"><B>(Name and address of agent for service)</B></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>(954)&nbsp;433-3900</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt"><B>Telephone Number, Including Area Code, Of Agent For Service</B></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
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    <TD nowrap align="left" colspan="21" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount Of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of Each Class of</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount To Be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Maximum Offering</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate Offering</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registration</B></TD>
    <TD width="1%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Securities To Be Registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registered (1) (2)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price Per Share (3)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price(3)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Fee(3)</B></TD>
    <TD width="1%">&nbsp;</TD>
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                    <TD valign="top" style="border-top: 2px solid #000000"><DIV style="margin-left:0px; text-indent:-0px"><B>Common stock, $.05 par value<br>
per share and related preferred<br>
share purchase rights</B>
</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="left" valign="top" style="border-top: 2px solid #000000"><B>2,000,000 shares of common<br>
stock and related preferred share<br>
purchase rights</B>
</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="top" style="border-top: 2px solid #000000"><B>$</B></TD>
    <TD align="right" valign="top" style="border-top: 2px solid #000000"><B>30.82</B></TD>
    <TD nowrap valign="top" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="top" style="border-top: 2px solid #000000"><B>$</B></TD>

<TD align="right" valign="top" style="border-top: 2px solid #000000"><B>61,640,000</B></TD>
    <TD nowrap valign="top" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" valign="top" style="border-top: 2px solid #000000"><B>$</B></TD>
    <TD align="right" valign="top" style="border-top: 2px solid #000000"><B>6,596</B></TD>
    <TD nowrap valign="top" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="21" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No separate consideration will be received for the preferred share purchase rights, which
initially will trade together with the common stock.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This registration statement relates to 2,000,000 newly registered shares of common stock that
may be issued pursuant to awards granted under the Registrant&#146;s Amended and Restated 2005
Incentive Compensation Plan (the &#147;Plan&#148;), plus 7,295,792 shares of common stock remaining
available for delivery under the Registrant&#146;s 1996 Stock Option Plan as of June&nbsp;28, 2005
previously registered by the Registration Statements on Form S-8 filed with the Securities and
Exchange Commission on April&nbsp;30, 2001 and December&nbsp;11, 1997. This registration statement
shall also cover any additional shares of common stock which become issuable under the Plan
being registered pursuant to this registration statement by reason of any stock dividend,
stock split, recapitalization or any other similar transaction effected without the receipt of
consideration which results in an increase in the number of the
Registrant&#146;s outstanding shares of common stock.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee as to the 2,000,000
shares being newly registered hereunder in accordance with Rule 457(h) under the Securities
Act of 1933. The Proposed Maximum Offering Price for such shares is based on the average of
the high and low prices of the Registrant&#146;s common stock reported on The New York Stock
Exchange on May&nbsp;4, 2006.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement relates to a total of 9,295,792 shares of Claire&#146;s Stores Inc.
(the &#147;Registrant&#148;) common stock, $.05 par value per share (and related preferred share purchase
rights) that may be issued pursuant to awards granted under the Registrant&#146;s Amended and Restated
2005 Incentive Compensation Plan (the &#147;Plan&#148;). Of the 9,295,792 shares that may be issued pursuant
to awards granted under the Plan, 7,295,792 shares (the &#147;Rollover Shares&#148;) were previously
available for delivery under the Registrant&#146;s 1996 Stock Option Plan, as amended (the &#147;1996 Plan&#148;).
Pursuant to the terms of the Plan, the Rollover Shares are now only available for issuance under
the Plan. The Rollover Shares were initially registered by the Registration Statements on Form S-8
filed with the Securities and Exchange Commission (the &#147;Commission&#148;) on April&nbsp;30, 2001 and December
11, 1997.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The document(s) containing the information specified in Part&nbsp;I of this Registration Statement
on Form S-8 will be sent or given to participants in the Plan, as specified by Rule&nbsp;428(b)(1)
promulgated by the Commission under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;).
Such document(s) are not being filed with the Commission, but constitute (along with the documents
incorporated by reference into the Registration Statement pursuant to Item&nbsp;3 of Part&nbsp;II hereof) a
prospectus that meets the requirements of Section 10(a) of the Securities Act.
</DIV>

<P align="center" style="font-size: 10pt">2
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by the Registrant with the Commission are hereby incorporated
herein by reference:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended January
28, 2006;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of
the Securities Exchange Act of 1934 since the end of the fiscal year ended January&nbsp;28,
2006 (except for information furnished pursuant to Item&nbsp;2.02 or Item&nbsp;7.01 of Form 8-K);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the Registrant&#146;s common stock contained in its Registration
Statement on Form 8-A, including any amendment or report filed for the purpose of
updating such description; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the Registrant&#146;s preferred share purchase rights contained
in its Registration Statement on Form 8-A dated June&nbsp;23, 2003, including any amendment
or report filed for the purpose of updating such description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all documents filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, as amended, after the date of this Registration
Statement and prior to the termination of this offering shall be deemed to be incorporated by
reference herein and to be a part hereof from the date of filing of such documents with the
Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in this Registration Statement, or in a document incorporated or
deemed to be incorporated by reference herein, shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement contained herein or in any
other subsequently filed document which is also deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. The class of securities to be offered is registered under Section&nbsp;12 of the Exchange Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<P align="center" style="font-size: 10pt">3
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant, a Florida corporation, is empowered by Section&nbsp;607.0850 of the Florida
Business Corporation Act, subject to the procedures and limitations stated therein, to indemnify
any person who was or is a party to any proceeding (other than any action by, or in the right of,
the corporation), by reason of the fact that he is or was a director, officer, employee, or agent
of the corporation or is or was serving at the request of the corporation as a director, officer,
employee, or agent of another corporation, partnership, joint venture, trust or other enterprise
against liability incurred in connection with such proceeding, including any appeal thereof, if he
acted in good faith and in a manner he reasonably believed to be in, or not opposed to, in the best
interest of the corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;607.0850 also empowers a Florida corporation to indemnify any person who was or is a
party to any proceeding by or in the right of the corporation to procure a judgment in its favor by
reason of the fact that he is or was a director, officer, employee or agent of the corporation or
is or was serving at the request of the corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust, or other enterprise, against expenses and
amounts paid in settlement not exceeding, in the judgment of the board of directors, the estimated
expense of litigating the proceeding to conclusion, actually and reasonably incurred in connection
with the defense or settlement of such proceeding, including any appeal thereof, if he acted in
good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests
of the corporation, except that no indemnification may be made in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable unless, and only to the extent
that, the court in which such proceeding was brought, or any other court of competent jurisdiction,
shall determine upon application that, despite the adjudication of liability but in view of all
circumstances of the case, such person is fairly and reasonably entitled to indemnity for such
expenses which such court shall deem proper. To the extent that a director, officer, employee or
agent of a corporation has been successful on the merits or otherwise in defense of any proceeding
referred to above, or in defense of any claim, issue or matter therein, he shall be indemnified
against expenses actually and reasonably incurred by him in connection therewith.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The indemnification and advancement of expenses provided pursuant to Section&nbsp;607.0850 are not
exclusive, and a corporation may make any other or further indemnification or advancement of
expenses to any of its directors, officers, employees or agents, under any bylaw, agreement, vote
of shareholders or disinterested directors, or otherwise, both as to action in his official
capacity and as to action in another capacity while holding such office. However, a director,
officer, employee or agent is not entitled to indemnification or advancement of expenses if a
judgment or other final adjudication establish that his actions, or omissions to act, were material
to the cause of action so adjudicated and constitute:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;a violation of the criminal law, unless the director, officer, employee or agent had
reasonable cause to believe his conduct was lawful or had no reasonable cause to believe his
conduct was unlawful;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;a transaction from which the director, officer, employee or agent derived an improper
personal benefit;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;in the case of a director, a circumstance under which the liability provisions of
Section&nbsp;607.0834 of the Florida Business Corporation Act, relating to a director&#146;s liability for
voting in favor of or asserting to an unlawful distribution, are applicable; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;willful misconduct or a conscious disregard for the best interests of the corporation in
a proceeding by or in the right of the corporation to procure a judgment in its favor or in a
proceeding by or in the right of a shareholder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s By-Laws and Amended and Restated Articles of Incorporation provide that the
Registrant shall indemnify each person who was or is made a party or is threatened to be made a
party to or is otherwise involved in any action, suit or proceeding, whether civil, criminal,
administrative or investigative by reason of the fact that he or she is or was a director, officer
or employee of the Registrant or is or was serving at the request of the Registrant as a director,
officer, employee or agent of another corporation or of a partnership, joint venture, trust or
other enterprise, including service with respect to employee benefit plans (an &#147;indemnitee&#148;),
whether the basis of
</DIV>

<P align="center" style="font-size: 10pt">4
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">such proceeding is alleged action in an official capacity as a director, officer, employee or
agent or in any other capacity while serving as a director, officer, employee or agent, shall be
indemnified and held harmless by the Registrant to the fullest extent authorized by the Florida
Business Corporation Act, as the same exists or may hereafter be amended (but, in the case of any
such amendment, only to the extent that such amendment permits the Registrant to provide broader
indemnification rights that such law permitted the Registrant to provide prior to such amendment),
against all expense, liability and loss (including attorneys&#146; fees, judgments, fines, ERISA excise
taxes or penalties and amounts paid in settlement) reasonably incurred or suffered by such person
in connection therewith and such indemnification shall continue as to an indemnitee who has ceased
to be a director, officer, employee or agent and shall inure to the benefit of the indemnitee&#146;s
heirs, executors and administrators; provided, however, that, except as provided otherwise therein
with respect to proceedings to enforce rights to indemnification, the Registrant shall indemnify
any such indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee
only if such proceeding (or part thereof) was authorized by the Registrant&#146;s board of directors.
The right to indemnification conferred therein shall be a contract right and shall include the
right to be paid by the Registrant the expenses incurred in defending any such proceeding in
advance of its final disposition (hereinafter an &#147;advancement of expenses&#148;); provided, however,
that, if the Florida Business Corporation Act requires, an advancement of expenses incurred by an
indemnitee in his or her capacity as a director or officer (and not in any other capacity in which
service was or is rendered by such indemnitee, including without limitation, service to an employee
benefit plan) shall be made only upon delivery to the Registrant of an undertaking, by or on behalf
of such indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final
judicial decision from which there is no further right to appeal that such indemnitee is not
entitled to be indemnified for such expenses thereunder or otherwise (hereinafter an
&#147;undertaking&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a claim under the preceding paragraph is not paid in full by the Registrant within sixty
days after a written claim has been received by the Registrant, except in the case of a claim for
an advancement of expenses in which case the applicable period shall be twenty days, the indemnitee
may at any time thereafter bring suit against the Registrant to recover the unpaid amount of the
claim. If successful in whole or in part in any such suit or in a suit brought by the Registrant
to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee shall
be entitled to be paid also the expense of prosecuting or defending such suit. In (i)&nbsp;any suit
brought by the indemnitee to enforce a right to indemnification hereunder (but not in a suit
brought by the indemnitee to enforce a right to an advancement of expenses) it shall be a defense
that, and (ii)&nbsp;any suit by the Registrant to recover an advancement of expenses pursuant to the
terms of an undertaking the Registrant shall be entitled to recover such expenses upon a final
adjudication that, the indemnitee has not met the applicable standard of conduct set forth in the
Florida Business Corporation Act. Neither the failure of the Registrant (including its board of
directors, independent legal counsel, or its shareholders) to have made a determination prior to
the commencement of such suit that indemnification of the indemnitee is proper in the circumstances
because the indemnitee has met the applicable standard of conduct set forth in the Florida Business
Corporation Act, nor an actual determination by the Registrant (including its board of directors,
independent legal counsel, or its shareholders) that the indemnitee has not met such applicable
standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense to such
suit. In any suit brought by the indemnitee to enforce a right thereunder, or by the Registrant to
recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving
that the indemnitee is not entitled to be indemnified or to such advancement of expenses thereunder
or otherwise shall be on the Registrant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s Amended and Restated Articles of Incorporation and By-Laws provide that the
rights to indemnification and to the advancement of expenses conferred therein shall not be
exclusive of any other right which any person may have or thereafter acquire under any statute
therein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant maintains an insurance policy covering directors and officers under which the
insurer agrees to pay, subject to certain exclusions, for any claim made against the directors and
officers of the Registrant for a wrongful act for which they may become legally obligated to pay or
for which the Registrant is required to indemnify its directors and officers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At present, there is no pending litigation or proceeding involving a director or officer of
the Registrant as to which indemnification is being sought, nor is the Registrant aware of any
threatened litigation that may result in claims for indemnification by any officer or director.
</DIV>

<P align="center" style="font-size: 10pt">5
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Exhibit
No.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom"><B>Description</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Articles of Incorporation of the Registrant
(incorporated by reference to Exhibit&nbsp;3.1 to the Registrant&#146;s
Current Report on Form&nbsp;8-K dated June&nbsp;30, 2000).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Amendment to the Amended and Restated Articles of
Incorporation of the Registrant (incorporated by reference to
Exhibit&nbsp;3(c) to the Registrant&#146;s Annual Report on Form&nbsp;10-K filed
on April&nbsp;15, 2004).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws of the Registrant (incorporated by
reference to Exhibit&nbsp;3.1 to the Registrant&#146;s Quarterly Report on
Form&nbsp;10-Q filed on September&nbsp;2, 2004).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The description and terms of preferred share purchase rights are
set forth in a Rights Agreement, effective May&nbsp;30, 2003 between
Claire&#146;s Stores, Inc. and Wachovia Bank, N.A., as Rights Agent
(incorporated by reference to Exhibit&nbsp;4.1 to the Registrant&#146;s
Registration Statement on Form&nbsp;8-A filed on June&nbsp;23, 2003).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Claire&#146;s Stores, Inc. Amended and Restated 2005 Incentive
Compensation Plan (incorporated by reference to Exhibit&nbsp;10.2 to the
Registrant&#146;s Quarterly Report on Form&nbsp;10-Q filed on June&nbsp;8, 2005).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Greenberg Traurig, P.A.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Greenberg Traurig, P.A. (included in Exhibit&nbsp;5.1 hereof).</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included in the signature page hereto).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">* Filed with this Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned Registrant hereby undertakes:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="7%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="11%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any prospectus required by Section
10(a)(3) of the Securities Act of 1933, as amended (the &#147;Securities
Act);</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="11%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To reflect in the prospectus any facts or
events arising after the effective date of the Registration Statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">6
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="11%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>represent no more than 20&nbsp;percent change in the maximum aggregate
offering price set forth in the &#147;Calculation of Registration Fee&#148;
table in the effective Registration Statement;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="11%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any material information with
respect to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information in
the Registration Statement;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) shall not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or
Section 15(d) of the Exchange Act that are incorporated by reference in this Registration
Statement.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="7%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial <I>bona
fide </I>offering thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="7%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act, each filing of the Registrant&#146;s annual report
pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of
the Exchange Act) that is incorporated by reference in the Registration Statement shall
be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the
initial <I>bona fide </I>offering thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to directors, officers and controlling persons of the Registrant pursuant
to the foregoing provisions or otherwise, the Registrant has been advised that in the
opinion of the Commission such indemnification is against public policy as expressed in
the Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of
expenses incurred or paid by a director, officer or controlling person of the
Registrant in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of such issue.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">7
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Pembroke Pines, State of Florida, on the 9th day of May,
2006.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CLAIRE&#146;S STORES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Ira D. Kaplan
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Ira D. Kaplan&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Senior Vice President and<br>
Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant and each person whose signature appears below hereby authorizes Ira D. Kaplan
and Rebecca R. Orand, and each of them individually (the &#147;Agent&#148;), with full power of substitution
and resubstitution, to file one or more amendments (including post-effective amendments) to the
Registration Statement which amendments may make such changes in the Registration Statement as such
Agent deems appropriate, and the Registrant and each such person hereby appoints each such Agent as
attorney-in-fact to execute in the name and on behalf of the Registrant and each such person,
individually and in each capacity stated below, any such amendments to the Registration Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed below by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<tr><td>&nbsp;</td></tr>

<TR valign="bottom">
    <TD align="center" nowrap valign="top">/s/ Marla L. Schaefer
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Marla L. Schaefer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Co-Chairman of the
Board and Co-Chief
Executive Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 9, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ E. Bonnie Schaefer
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
E. Bonnie Schaefer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Co-Chairman of the
Board and Co-Chief
Executive Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 9, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Ira D. Kaplan
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Ira D. Kaplan</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Senior Vice
President, Chief
Financial Officer
and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 9, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Martha Clark Goss
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Martha Clark Goss</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 9, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Ann Spector Lieff
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Ann Spector Lieff</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 9, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Bruce G. Miller
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Bruce G. Miller</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 9, 2006</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Steven H. Tishman
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
Steven H. Tishman</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May 9, 2006</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">8
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Exhibit&nbsp;Index</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top"><B>Exhibit
No.</B>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
<B>Description</B>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">5.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Opinion of Greenberg Traurig, P.A.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">23.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Consent of KPMG LLP.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">23.2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Consent of Greenberg Traurig, P.A. (included in Exhibit 5.1 hereof).</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">24.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Power of Attorney (included in the signature page hereto).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">9
</DIV>

</BODY>
</HTML>
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{"company-data": {"conformed-name": "CLAIRES STORES INC", "cik": "0000034115", "assigned-sic": "5600", "irs-number": "590940416", "state-of-incorporation": "DE", "fiscal-year-end": "0203"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-133923", "film-number": "06819950"}, "business-address": {"street1": "3 S W 129TH AVE", "city": "PEMBROKE PINES", "state": "FL", "zip": "33027", "phone": "9544333900"}, "mail-address": {"street1": "3 SW 129TH AVE", "city": "PEMBROKE PINES", "state": "FL", "zip": "33027"}, "former-company": [{"former-conformed-name": "FT INDUSTRIES INC", "date-changed": "19831006"}, {"former-conformed-name": "FASHION TRESS INC", "date-changed": "19750923"}]}
Claire's Stores, Inc.
As filed with the Securities and Exchange Commission on May 9, 2006
Registration No. _________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
CLAIRE'S STORES, INC.
(Exact name of registrant as specified in its charter)
Florida
59-0940416
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
3 S.W. 129
th
Avenue
Pembroke Pines, Florida 33027
(Address of Principal Executive Offices)
Claire's Stores, Inc. Amended and Restated 2005 Incentive Compensation Plan
(Full title of the Plan)
Ira D. Kaplan
Senior Vice President and Chief Financial Officer
3 S.W. 129
th
Avenue
Pembroke Pines, Florida 33027
(Name and address of agent for service)
(954) 433-3900
Telephone Number, Including Area Code, Of Agent For Service
CALCULATION OF REGISTRATION FEE
Proposed
Proposed Maximum
Amount Of
Title of Each Class of
Amount To Be
Maximum Offering
Aggregate Offering
Registration
Securities To Be Registered
Registered (1) (2)
Price Per Share (3)
Price(3)
Fee(3)
Common stock, $.05 par value
per share and related preferred
share purchase rights
2,000,000 shares of common
stock and related preferred share
purchase rights
$
30.82
$
61,640,000
$
6,596
(1)
No separate consideration will be received for the preferred share purchase rights, which
initially will trade together with the common stock.
(2)
This registration statement relates to 2,000,000 newly registered shares of common stock that
may be issued pursuant to awards granted under the Registrant's Amended and Restated 2005
Incentive Compensation Plan (the "Plan"), plus 7,295,792 shares of common stock remaining
available for delivery under the Registrant's 1996 Stock Option Plan as of June 28, 2005
previously registered by the Registration Statements on Form S-8 filed with the Securities and
Exchange Commission on April 30, 2001 and December 11, 1997. This registration statement
shall also cover any additional shares of common stock which become issuable under the Plan
being registered pursuant to this registration statement by reason of any stock dividend,
stock split, recapitalization or any other similar transaction effected without the receipt of
consideration which results in an increase in the number of the
Registrant's outstanding shares of common stock.
(3)
Estimated solely for the purpose of calculating the registration fee as to the 2,000,000
shares being newly registered hereunder in accordance with Rule 457(h) under the Securities
Act of 1933. The Proposed Maximum Offering Price for such shares is based on the average of
the high and low prices of the Registrant's common stock reported on The New York Stock
Exchange on May 4, 2006.
EXPLANATORY NOTE
This Registration Statement relates to a total of 9,295,792 shares of Claire's Stores Inc.
(the "Registrant") common stock, $.05 par value per share (and related preferred share purchase
rights) that may be issued pursuant to awards granted under the Registrant's Amended and Restated
2005 Incentive Compensation Plan (the "Plan"). Of the 9,295,792 shares that may be issued pursuant
to awards granted under the Plan, 7,295,792 shares (the "Rollover Shares") were previously
available for delivery under the Registrant's 1996 Stock Option Plan, as amended (the "1996 Plan").
Pursuant to the terms of the Plan, the Rollover Shares are now only available for issuance under
the Plan. The Rollover Shares were initially registered by the Registration Statements on Form S-8
filed with the Securities and Exchange Commission (the "Commission") on April 30, 2001 and December
11, 1997.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
The document(s) containing the information specified in Part I of this Registration Statement
on Form S-8 will be sent or given to participants in the Plan, as specified by Rule 428(b)(1)
promulgated by the Commission under the Securities Act of 1933, as amended (the "Securities Act").
Such document(s) are not being filed with the Commission, but constitute (along with the documents
incorporated by reference into the Registration Statement pursuant to Item 3 of Part II hereof) a
prospectus that meets the requirements of Section 10(a) of the Securities Act.
2
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by the Registrant with the Commission are hereby incorporated
herein by reference:
(a)
The Registrant's Annual Report on Form 10-K for the fiscal year ended January
28, 2006;
(b)
All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of
the Securities Exchange Act of 1934 since the end of the fiscal year ended January 28,
2006 (except for information furnished pursuant to Item 2.02 or Item 7.01 of Form 8-K);
(c)
The description of the Registrant's common stock contained in its Registration
Statement on Form 8-A, including any amendment or report filed for the purpose of
updating such description; and
(d)
The description of the Registrant's preferred share purchase rights contained
in its Registration Statement on Form 8-A dated June 23, 2003, including any amendment
or report filed for the purpose of updating such description.
In addition, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Securities Exchange Act of 1934, as amended, after the date of this Registration
Statement and prior to the termination of this offering shall be deemed to be incorporated by
reference herein and to be a part hereof from the date of filing of such documents with the
Commission.
Any statement contained in this Registration Statement, or in a document incorporated or
deemed to be incorporated by reference herein, shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement contained herein or in any
other subsequently filed document which is also deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable. The class of securities to be offered is registered under Section 12 of the Exchange Act.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
3
Item 6. Indemnification of Directors and Officers.
The Registrant, a Florida corporation, is empowered by Section 607.0850 of the Florida
Business Corporation Act, subject to the procedures and limitations stated therein, to indemnify
any person who was or is a party to any proceeding (other than any action by, or in the right of,
the corporation), by reason of the fact that he is or was a director, officer, employee, or agent
of the corporation or is or was serving at the request of the corporation as a director, officer,
employee, or agent of another corporation, partnership, joint venture, trust or other enterprise
against liability incurred in connection with such proceeding, including any appeal thereof, if he
acted in good faith and in a manner he reasonably believed to be in, or not opposed to, in the best
interest of the corporation and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful.
Section 607.0850 also empowers a Florida corporation to indemnify any person who was or is a
party to any proceeding by or in the right of the corporation to procure a judgment in its favor by
reason of the fact that he is or was a director, officer, employee or agent of the corporation or
is or was serving at the request of the corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust, or other enterprise, against expenses and
amounts paid in settlement not exceeding, in the judgment of the board of directors, the estimated
expense of litigating the proceeding to conclusion, actually and reasonably incurred in connection
with the defense or settlement of such proceeding, including any appeal thereof, if he acted in
good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests
of the corporation, except that no indemnification may be made in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable unless, and only to the extent
that, the court in which such proceeding was brought, or any other court of competent jurisdiction,
shall determine upon application that, despite the adjudication of liability but in view of all
circumstances of the case, such person is fairly and reasonably entitled to indemnity for such
expenses which such court shall deem proper. To the extent that a director, officer, employee or
agent of a corporation has been successful on the merits or otherwise in defense of any proceeding
referred to above, or in defense of any claim, issue or matter therein, he shall be indemnified
against expenses actually and reasonably incurred by him in connection therewith.
The indemnification and advancement of expenses provided pursuant to Section 607.0850 are not
exclusive, and a corporation may make any other or further indemnification or advancement of
expenses to any of its directors, officers, employees or agents, under any bylaw, agreement, vote
of shareholders or disinterested directors, or otherwise, both as to action in his official
capacity and as to action in another capacity while holding such office. However, a director,
officer, employee or agent is not entitled to indemnification or advancement of expenses if a
judgment or other final adjudication establish that his actions, or omissions to act, were material
to the cause of action so adjudicated and constitute:
(i) a violation of the criminal law, unless the director, officer, employee or agent had
reasonable cause to believe his conduct was lawful or had no reasonable cause to believe his
conduct was unlawful;
(ii) a transaction from which the director, officer, employee or agent derived an improper
personal benefit;
(iii) in the case of a director, a circumstance under which the liability provisions of
Section 607.0834 of the Florida Business Corporation Act, relating to a director's liability for
voting in favor of or asserting to an unlawful distribution, are applicable; or
(iv) willful misconduct or a conscious disregard for the best interests of the corporation in
a proceeding by or in the right of the corporation to procure a judgment in its favor or in a
proceeding by or in the right of a shareholder.
The Registrant's By-Laws and Amended and Restated Articles of Incorporation provide that the
Registrant shall indemnify each person who was or is made a party or is threatened to be made a
party to or is otherwise involved in any action, suit or proceeding, whether civil, criminal,
administrative or investigative by reason of the fact that he or she is or was a director, officer
or employee of the Registrant or is or was serving at the request of the Registrant as a director,
officer, employee or agent of another corporation or of a partnership, joint venture, trust or
other enterprise, including service with respect to employee benefit plans (an "indemnitee"),
whether the basis of
4
such proceeding is alleged action in an official capacity as a director, officer, employee or
agent or in any other capacity while serving as a director, officer, employee or agent, shall be
indemnified and held harmless by the Registrant to the fullest extent authorized by the Florida
Business Corporation Act, as the same exists or may hereafter be amended (but, in the case of any
such amendment, only to the extent that such amendment permits the Registrant to provide broader
indemnification rights that such law permitted the Registrant to provide prior to such amendment),
against all expense, liability and loss (including attorneys' fees, judgments, fines, ERISA excise
taxes or penalties and amounts paid in settlement) reasonably incurred or suffered by such person
in connection therewith and such indemnification shall continue as to an indemnitee who has ceased
to be a director, officer, employee or agent and shall inure to the benefit of the indemnitee's
heirs, executors and administrators; provided, however, that, except as provided otherwise therein
with respect to proceedings to enforce rights to indemnification, the Registrant shall indemnify
any such indemnitee in connection with a proceeding (or part thereof) initiated by such indemnitee
only if such proceeding (or part thereof) was authorized by the Registrant's board of directors.
The right to indemnification conferred therein shall be a contract right and shall include the
right to be paid by the Registrant the expenses incurred in defending any such proceeding in
advance of its final disposition (hereinafter an "advancement of expenses"); provided, however,
that, if the Florida Business Corporation Act requires, an advancement of expenses incurred by an
indemnitee in his or her capacity as a director or officer (and not in any other capacity in which
service was or is rendered by such indemnitee, including without limitation, service to an employee
benefit plan) shall be made only upon delivery to the Registrant of an undertaking, by or on behalf
of such indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final
judicial decision from which there is no further right to appeal that such indemnitee is not
entitled to be indemnified for such expenses thereunder or otherwise (hereinafter an
"undertaking").
If a claim under the preceding paragraph is not paid in full by the Registrant within sixty
days after a written claim has been received by the Registrant, except in the case of a claim for
an advancement of expenses in which case the applicable period shall be twenty days, the indemnitee
may at any time thereafter bring suit against the Registrant to recover the unpaid amount of the
claim. If successful in whole or in part in any such suit or in a suit brought by the Registrant
to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee shall
be entitled to be paid also the expense of prosecuting or defending such suit. In (i) any suit
brought by the indemnitee to enforce a right to indemnification hereunder (but not in a suit
brought by the indemnitee to enforce a right to an advancement of expenses) it shall be a defense
that, and (ii) any suit by the Registrant to recover an advancement of expenses pursuant to the
terms of an undertaking the Registrant shall be entitled to recover such expenses upon a final
adjudication that, the indemnitee has not met the applicable standard of conduct set forth in the
Florida Business Corporation Act. Neither the failure of the Registrant (including its board of
directors, independent legal counsel, or its shareholders) to have made a determination prior to
the commencement of such suit that indemnification of the indemnitee is proper in the circumstances
because the indemnitee has met the applicable standard of conduct set forth in the Florida Business
Corporation Act, nor an actual determination by the Registrant (including its board of directors,
independent legal counsel, or its shareholders) that the indemnitee has not met such applicable
standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense to such
suit. In any suit brought by the indemnitee to enforce a right thereunder, or by the Registrant to
recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving
that the indemnitee is not entitled to be indemnified or to such advancement of expenses thereunder
or otherwise shall be on the Registrant.
The Registrant's Amended and Restated Articles of Incorporation and By-Laws provide that the
rights to indemnification and to the advancement of expenses conferred therein shall not be
exclusive of any other right which any person may have or thereafter acquire under any statute
therein.
The Registrant maintains an insurance policy covering directors and officers under which the
insurer agrees to pay, subject to certain exclusions, for any claim made against the directors and
officers of the Registrant for a wrongful act for which they may become legally obligated to pay or
for which the Registrant is required to indemnify its directors and officers.
At present, there is no pending litigation or proceeding involving a director or officer of
the Registrant as to which indemnification is being sought, nor is the Registrant aware of any
threatened litigation that may result in claims for indemnification by any officer or director.
5
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit
No.
Description
4.1
Amended and Restated Articles of Incorporation of the Registrant
(incorporated by reference to Exhibit 3.1 to the Registrant's
Current Report on Form 8-K dated June 30, 2000).
4.2
Articles of Amendment to the Amended and Restated Articles of
Incorporation of the Registrant (incorporated by reference to
Exhibit 3(c) to the Registrant's Annual Report on Form 10-K filed
on April 15, 2004).
4.3
Amended and Restated Bylaws of the Registrant (incorporated by
reference to Exhibit 3.1 to the Registrant's Quarterly Report on
Form 10-Q filed on September 2, 2004).
4.4
The description and terms of preferred share purchase rights are
set forth in a Rights Agreement, effective May 30, 2003 between
Claire's Stores, Inc. and Wachovia Bank, N.A., as Rights Agent
(incorporated by reference to Exhibit 4.1 to the Registrant's
Registration Statement on Form 8-A filed on June 23, 2003).
4.5
Claire's Stores, Inc. Amended and Restated 2005 Incentive
Compensation Plan (incorporated by reference to Exhibit 10.2 to the
Registrant's Quarterly Report on Form 10-Q filed on June 8, 2005).
5.1*
Opinion of Greenberg Traurig, P.A.
23.1*
Consent of KPMG LLP.
23.2*
Consent of Greenberg Traurig, P.A. (included in Exhibit 5.1 hereof).
24.1*
Power of Attorney (included in the signature page hereto).
* Filed with this Registration Statement.
Item 9. Undertakings.
(a)
The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:
(i)
To include any prospectus required by Section
10(a)(3) of the Securities Act of 1933, as amended (the "Securities
Act);
(ii)
To reflect in the prospectus any facts or
events arising after the effective date of the Registration Statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price
6
represent no more than 20 percent change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee"
table in the effective Registration Statement;
(iii)
To include any material information with
respect to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information in
the Registration Statement;
PROVIDED, HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) shall not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by reference in this Registration
Statement.
(2)
That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial
bona
fide
offering thereof.
(3)
To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
(b)
The undersigned Registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act, each filing of the Registrant's annual report
pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to Section 15(d) of
the Exchange Act) that is incorporated by reference in the Registration Statement shall
be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the
initial
bona fide
offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to directors, officers and controlling persons of the Registrant pursuant
to the foregoing provisions or otherwise, the Registrant has been advised that in the
opinion of the Commission such indemnification is against public policy as expressed in
the Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the Registrant of
expenses incurred or paid by a director, officer or controlling person of the
Registrant in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of such issue.
7
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Pembroke Pines, State of Florida, on the 9th day of May,
2006.
CLAIRE'S STORES, INC.
By:
/s/ Ira D. Kaplan
Ira D. Kaplan
Senior Vice President and
Chief Financial Officer
POWER OF ATTORNEY
The Registrant and each person whose signature appears below hereby authorizes Ira D. Kaplan
and Rebecca R. Orand, and each of them individually (the "Agent"), with full power of substitution
and resubstitution, to file one or more amendments (including post-effective amendments) to the
Registration Statement which amendments may make such changes in the Registration Statement as such
Agent deems appropriate, and the Registrant and each such person hereby appoints each such Agent as
attorney-in-fact to execute in the name and on behalf of the Registrant and each such person,
individually and in each capacity stated below, any such amendments to the Registration Statement.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Marla L. Schaefer
Marla L. Schaefer
Co-Chairman of the
Board and Co-Chief
Executive Officer
May 9, 2006
/s/ E. Bonnie Schaefer
E. Bonnie Schaefer
Co-Chairman of the
Board and Co-Chief
Executive Officer
May 9, 2006
/s/ Ira D. Kaplan
Ira D. Kaplan
Senior Vice
President, Chief
Financial Officer
and Director
May 9, 2006
/s/ Martha Clark Goss
Martha Clark Goss
Director
May 9, 2006
/s/ Ann Spector Lieff
Ann Spector Lieff
Director
May 9, 2006
/s/ Bruce G. Miller
Bruce G. Miller
Director
May 9, 2006
/s/ Steven H. Tishman
Steven H. Tishman
Director
May 9, 2006
8
Exhibit Index
Exhibit
No.
Description
5.1
Opinion of Greenberg Traurig, P.A.
23.1
Consent of KPMG LLP.
23.2
Consent of Greenberg Traurig, P.A. (included in Exhibit 5.1 hereof).
24.1
Power of Attorney (included in the signature page hereto).
9