CLAIRES STORES INC
PROMISSORY NOTE
<DOCUMENT>
<TYPE>EX-10.V
<SEQUENCE>5
<FILENAME>g82236exv10wv.txt
<DESCRIPTION>PROMISSORY NOTE
<TEXT>
<PAGE>
                                                                   EXHIBIT 10(v)

                                 PROMISSORY NOTE

$750,000.00                                               DATED:  APRIL 8, 2002


         FOR VALUE RECEIVED, ROWLAND SCHAEFER (the "Borrower"), resided at 1601
Diplomat Parkway, Hollywood, Florida 33019, promises to pay to the order of
Claire's Stores, Inc., a Florida Corporation (the "Payee"), at the offices of
the Payee located at 3 SW 129th Avenue, Pembroke Pines, Florida 33027 or at such
other place as the Payee may specify from time to time, in lawful money of the
United State of America, the principal sum of Seven hundred fifty thousand
dollars and 00 cents ($750,000.00) plus interest on April 7, 2004. The unpaid
principal balance of this Note shall, until paid in full, bear interest at the
rate of 4.6% per annum. Interest, if any, shall be calculated on the basis of a
360-day year and a year consisting of twelve 30-day months.

         The Borrower may, at his option, at any time and from time to time,
repay all or any part of the principal balance of this Note, without penalty or
premium. Upon final payment of the principal and interest on this Note, it shall
be surrendered to the Borrower for cancellation.

         Presentment for payment, demand, notice of dishonor protest, notice of
protest and al other demands and notices in connection with the delivery,
performance and enforcement of this Note are hereby waived.

         This Note shall be governed by, and construed and interpreted in
accordance with, the laws of the State of Florida, without regard to any choice
of law provisions.

         THE BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES (TO
THE EXTENT PERMITTED BY APPLICABLE LAW) ANY RIGHT HE MAY HAVE TO A TRIAL BY JURY
OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS NOTE AND AGREES THAT ANY SUCH
DISPUTE SHALL, AT THE OPTION OF THE PAYEE, BE TRIED BEFORE A JUDGE SITTING
WITHOUT A JURY.



                                               /s/ ROWLAND SCHAEFER
                                               ---------------------------------
                                               ROWLAND SCHAEFER


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