NEW YORK — Jewelry retailer Finlay Enterprises Inc. said that it trimmed its quarterly loss as it cut expenses and recorded better-than-expected sales.
Finlay, a top operator of leased jewelry departments in department stores, said it lost $473,000, or 5 cents a diluted share, for its second quarter ended Aug. 3, compared with a loss of $1.1 million, or 10 cents, in the year-ago period. Sales in the quarter fell 4.6 percent, to $187.1 million from $196.2 million last year, while same-store sales inched up 0.3 percent.
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