Finlay Enterprises, Inc. reported a 1.3 percent increase in comparable department sales for the third quarter ended Oct. 29. In the third quarter of the prior year same-store sales increased by 0.7 percent.
Total sales for the third quarter increased 9.9 percent to $183.3 million compared to $166.8 million in the third quarter of 2004. Total sales for the third quarter of fiscal 2005 included $15.9 million of sales related to the Carlyle specialty jewelry stores acquired by the company in May 2005.
Comparable department sales for the nine months of the year increased 0.6 percent compared to a 3.6 percent comparable department sales increase in the same period last year.
Total sales for the nine month period were $568.7 million compared to $543.1 million in the first nine months of 2004, an increase of 4.7 percent, including $29.9 million of sales related to Carlyle. The New York City-based company will report full results for the third quarter on Nov. 17.
Finlay Enterprises, Inc., a wholly owned subsidiary of Finlay Fine Jewelry Corp., is a leading retailer of fine jewelry and the largest operator of licensed fine jewelry departments in department stores in the United States, operates at 1,009, locations–including 34 Carlyle specialty jewelry stores.