Brookstone sees quarterly loss

Monday, January 10, 2011

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

NOTICE: Effective January, 2012, we have converted our commenting system to Facebook. For more information read our updated Comment Policy