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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus