Finlay Enterprises reports fourth-quarter and fiscal-year results

Finlay Enterprises, Inc. New York, reported on Tuesday that comparable department sales for the fourth quarter ended February 1 decreased 0.1%. Total sales for the fourth quarter were $387.8 million versus $388.1 million in the same period in fiscal 2001.

Comparable department sales for the fiscal year ended February 1 increased 0.1%. Total sales for fiscal 2002 were $930.7 million versus $952.8 million in fiscal 2001.

Finlay Enterprises, Inc., through its wholly owned subsidiary, Finlay Fine Jewelry Corp., is one of the leading retailers of fine jewelry and the largest operator of leased fine jewelry departments in department stores throughout the United States. The number of locations at the end of fiscal 2002 totaled 1,011 compared with 1,006 at the end of fiscal 2001.