By  on January 23, 2009

Harmed by the slowdown in discretionary spending, jeweler Birks & Mayors Inc. reported that net sales during its holiday season decreased by 31 percent.

The Montreal-based retailer said its sales for the period from Nov. 2 through Dec. 29 brought in just $66 million, down from $95.9 million a year earlier. The company said that based on a weaker Canadian dollar, it lost $7.7 million in currency translation into U.S. dollars.

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