Whitehall sales slide 4.6%

By JCK Online Staff -- JCK Online, 8/29/2003 2:00:00 AM

Whitehall Jewellers Inc., Chicago, reported Thursday sales fell 4.6% and that store closings and deferred financing charges further damaged the retailer's bottom line, Reuters reports.

In a press release Thursday, the company reported a net loss of $2.9 million. In last year's second quarter, the company earned $114,000.

Whitehall said it expects sales to pick up in the second half of the year, noting that its preliminary August results are showing comparable-store sales growth.

The company says it plans to close "several" of its 384 stores after Christmas.

The Company operates stores in regional and super regional shopping malls under the Whitehall Jewellers, Lundstrom Jewelers and Marks Bros. Jewelers brands.

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author

Bidz.com Acquires Intellectual Property From Whitehall

09/15/2009

Whitehall Auction Date Set

09/02/2009

Whitehall Jewellers same-store holiday sales fell by 9%

01/09/2005

Third-quarter sales down at Whitehall Jewellers

11/03/2004

Whitehall's same-store sales fell 3.8%

05/05/2005

Also by this author

• IDE Re-elects Avi Paz

• CIBJO Leader Addresses Corporate Social Responsibility

• Jewelers Mutual Offers Tips to Avoid Shipping Losses

• Christie Brinkley Launches Jewelry Line

• De Beers Owner Turns Down Merger

>>MORE

Sponsored Links