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Whitehall Jewellers Inc declares Q2 sales results of $68.4mn

Aug '05
Chicago based specialty jewellery retailer Whitehall Jewellers Inc announced sales for the second quarter ended July 31, 2005 were $68.4 million compared to $72.3 million for the second quarter of last year. Comparable store sales decreased 6.2 percent during the quarter, versus a comparable store sales decrease of 0.6 percent for the second fiscal quarter of 2004.

For the six-month period ended July 31, 2005, sales totaled $139.4 million versus $145.3 million for the six-month period ended July 31, 2004. Comparable store sales decreased 5.0 percent compared to an increase of 1.3 percent for the six months ended July 31, 2004.

Lucinda Baier, Chief Executive Officer commented, "During the second quarter, sales performance was solid during the Mothers' Day campaign but slowed in June and July during the two subsequent campaigns. In July 2004, company launched a major initiative to accelerate the sale of merchandise, which was inconsistent with branding strategy. During the second half of July of last year, sales of these goods were instrumental in generating double-digit comp store sales increases."

Baier continued, "Company continue to implement the merchandising, marketing and operational initiatives intended to build sales which they previously discussed and are focused on preparing for the Holiday selling season."

The Company plans to release financial results for the quarter ended July 31, 2005 on Thursday, September 1, 2005. Following the release, the Company will host a conference call at 9:00 AM EDT that will be broadcast live over the Internet at company website. To participate in the call, please dial 1-800-329-9097 approximately 10 minutes before the scheduled time to be connected to the call. Please call Patricia Metzger at 312-762-0292 to reserve a space on the call.

Nation's jewelry maker Whitehall Jewellers Inc is operating 388 stores in 38 states. The Company operates stores in regional and super regional shopping malls under the names Whitehall Co. Jewellers, Lundstrom Jewelers and Marks Bros. Jewelers.

Whitehall Jewellers Inc

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