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Thursday, 27th May 2004 (6428 views)

Fine jewellery retailer Whitehall Jewellers has released its first quarter results today.<BR/><BR/>Net sales for the quarter ending April 30 2004 saw a 5.6 per cent increase to $73 million and comparable store sales grew 3.3 per cent.<BR/><BR/>Hugh M. Patinkin, Chairman and Chief Executive Officer, commented: "At the beginning of the year we began to introduce a number of programs which are designed to improve merchandise gross margin. We are pleased with the progress we made in implementing these programs."<BR/><BR/>Mr Patinkin also revealed that plans were underway for new stores, as Whitehall hoped to increase its rate of new store growth in 2005 and 2006.<BR/><BR/>In addition rhe firm is currently recruiting for a newly created position of chief operating officer as well as for a new executive vice president of merchandise.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=2706521"/>

 

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