Birks & Mayors Inc. weathered a 26 percent decrease in sales during its first quarter and provided a bleak outlook for results in the months ahead.
The Montreal-based operator of the Birks, Mayors and Brinkhaus jewelry retail nameplates said sales in the three months ended June 27 were $53.6 million, down from $72.4 million in the first quarter of 2008. Comparable-store sales declined 20 percent, as a 13 percent decline in Canada partially offset a 26 percent dip in the U.S.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)