Tuesday, 23rd March 2004 (4318 views)

Financial results for American jewellery company Whitehall Jewellers reflect the continuously positive performance of the jewellery sector.

The company, which sells a range of jewellery including gold items, saw net sales of $136.6 million for the fourth quarter.

Hugh M. Patinkin, chairman and chief executive officer, commented: "We're pleased with the sales momentum we generated in the second half of 2003, including a solid Christmas season.

"Led by a strong Valentine's Day, Whitehall's February comparable store sales were up 10.4 per cent compared to a decline of 4.6 per cent last year."

Store sales also saw an increase on last year with comparable figures rising by six per cent, compared to a four per cent drop for the same period last year.

The US jewellers opened 21 stores during the period to help meet demand. Items sold by the company include gold earrings, rings and necklaces, with either simple designs or adorned with gems and stones.

 

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