Whitehall Posts Strong Rise in Fourth Quarter Sales

Whitehall Jewelers, Inc reports net sales for the fiscal fourth quarter ending January 31 rose to $136.6 million compared with sales of $128.4 million in the corresponding quarter last year.

Comparable store sales increased six percent for the quarter compared to a four percent decline in the same period last year.

For the fiscal year, sales increased to $344.7 million compared with $341.0 million for the previous fiscal year. Meanwhile, comparable store sales for the year slipped 0.6 percent compared with a 1.9 percent decline last year.

Whitehall Jewelers is a leading U.S. specialty retailer of fine jewelry with 381 stores in 38 states.