NHBR Article

Brookstone sees quarterly loss

Wednesday, July 28, 2010

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Lifestyle retailer Brookstone posted an increase in sales for the second quarter, but it wasn’t enough to keep the Merrimack company out of the red.

Brookstone announced net sales of $76.3 million for the quarter ended July 3 -- a 4.7 percent increase from sales of $72.9 million in the second quarter of 2009.

A $12 million loss from operations for the quarter dragged down the total net loss to $19 million for the second quarter.

The loss for the first half of 2010 was to $42.5 million, down $1.5 million from the $44 million loss reported in the same period a year ago.

Sales for the first six months of 2010 increased more than 8 percent to $146.1 million, up from $134.4 million in the first six months of 2009.

"We continue to make inroads to returning to historical sales levels; however, we continue to face a difficult retail environment,” said Ron Boire, Brookstone president and chief executive. “We remain focused on our turnaround efforts." – CINDY KIBBE/NEW HAMPSHIRE BUSINESS REVIEW

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