Finlay Enterprises Inc., one of the leading retailers of fine jewelry, announced its total sales for the second quarter ended July 29 increased 19.8% to $211.2 million, up from $176.3 million in the second quarter of 1999. Total sales for the six months ended July 29 increased 15.0% to $389.8 million, up from $339.0 million during the first six months of 1999.
Friedman's Inc., a leading specialty retailer of fine jewelry, announced record financial results for its third fiscal quarter ended July 1, 2000. Net sales increased 21.9% to $81.1 million from $66.5 million in the same period last year. Comparable-store sales increased 6.4% during the third quarter. The company opened 25 new stores during the third quarter and at July 1, 2000, had 599 stores in operation, an increase of 18.8% from last year.
Mayor's Jewelers Inc. reported a 12.6% comparable-store sales increase for the 13 weeks ended July 29, 2000, compared to the same period last year. Net retail sales for the period were $39.1 million, up from $32.5 million last year. Comparable-store sales increased 13.8% for the 26 weeks ended July 29, 2000. Net retail sales for the period were $73.9 million compared to $60.1 million last year. The company operates 28 luxury jewelry stores in Florida, Georgia, Illinois and Virginia.
Sears, Roebuck & Co. said July sales at its U.S. stores open at least a year rose 1.8% from a year ago. Total sales in July were $2.11 billion, 3.3% above last July's $2.05 billion. Home electronics, sporting goods, lawn and garden, footwear, fine jewelry and cosmetics and fragrances all experienced strong sales increases, the company said.
- by Julia M. Duncan