NEW YORK — Deteriorating sales caused Reeds Jewelers Inc. to continue bleeding red, albeit less severely, in the second quarter.

For the three months ended Aug. 31, the Wilmington, N.C.-based jewelry retailer reported a net loss of $1.5 million, or 18 cents a diluted share. That was, however, an improvement over last year when the company posted a net loss of $2.4 million, or 28 cents.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus