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Whitehall Reports Loss.
Sales at Whitehall Jewellers slid 7 percent to $58.9 million during the company's third quarter of fiscal year 2005. Whitehall's net loss grew from $8.3 million to $43 million for the quarter, which ended October 31, 2005.
Year-to-date Whitehall sales fell 5 percent from 2004 to $198.3 million. Net losses grew by nearly a multiple of five to $71.9 million.
On December 7, 2005, Whitehall received more than $2 million from the exercise of warrants resulting in the issuance of 2,792,462 Whitehall common shares to the Prentice and Holtzman investors.
Whitehall expects to close 77 stores before February 2006, which will liquidate approximately $44 million in inventory.
Comments
my bf bought me a beautiful a ring for me for christmas. But it was too small so i needed to get it sized, and its been a month since i have gotten a sigh of them even trying to get it. If I was told that it would take them this long to get it sized i would of went elsewhere to get the ring sized. And to top it off i have to pay $25 to get a ring sized, how redicously is that.
Posted by: Antonia on January 13, 2007 6:08 PM