Whitehall quarterly same-store sales fell 8.7%

Whitehall Jewellers, Inc., Chicago, reported fourth quarter sales of $125.6 million, compared to $136.6 million for fourth quarter last year. Comparable store sales fell 8.7% for the quarter compared to a 6% increase for the fourth quarter of last year.

Total sales for the fiscal year dropped 3% to $334.2 million, versus $344.7 million for the previous year. Comparable store sales for the fiscal year declined 3.7%, compared to a 0.6% decrease in comparable store sales last fiscal year.

The fourth quarter and fiscal year ended Jan. 31.

Whitehall Jewellers, Inc. is a leading national specialty retailer of fine jewelry, currently operating 382 stores in 38 states. The company operates stores in regional and superregional shopping malls under the names Whitehall Co. Jewellers, Lundstrom Jewelers and Marks Bros. Jewelers.

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