Birks Group reports 8.1% holiday sales boost By Investing.com

MONTREAL – Birks Group Inc. (NYSE American: BGI), a Canadian luxury jewelry retailer, has announced an 8.1% increase in net sales for the eight-week holiday period ending December 30, 2023, compared to the same timeframe in the previous fiscal year. The company also reported a 3% rise in comparable store sales during the same period. The sales growth is primarily attributed to the strong performance of third-party branded watches and the success of recently renovated stores in Chinook and Laval. Additionally, e-commerce sales continued to expand, contributing to the overall positive results. Birks Group highlighted that the increase in comparable store sales was driven by both branded watches and Birks Fine Jewellery. Jean-Christophe Bédos, President and Chief Executive Officer of…

Source: Investing.com
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