Birks & Mayors Holiday Sales Total $79.5 Million

Luxury jewelry retailer Birks & Mayors Inc.said Tuesday that net sales during holiday season (October 30, 2011, - December 24, 2011) increased by 5 percent, year-over-year, to $79.5 million. The $4 million increase in net sales was driven by 3 percent increase in comparable store sales and higher revenues related to precious metal refining services offered to the company’s customers in Canada,

Birks & Mayors Holiday Sales Up 8%

Thomas A. Andruskevich
Luxury retail jeweler Birks & Mayors Inc. said net sales during the fiscal 2011 holiday season (October 31, 2010, through December 25, 2010) increased by 8 percent to $75.5 million, compared to net sales of $69.7 million during last year’s holiday season.

The Montreal-based company, with stores in the U.S. and Canada said the $5.6 million increase in net sales was

Holiday Jewelry Sales Up 8.4%, Luxury Sales Up 6.7%, Total Holiday Sales Up 5.5%

After a mild start, jewelry posted several weekly sales increases and ended the 2010 holiday shopping season with a year-over-year increase 8.4 percent, according to MasterCard Advisors’ SpendingPulse. Meanwhile, luxury sales (excluding jewelry) started the season with a solid gain and then picked up steam, ending with a very respectable year-over-year growth of 6.7 percent.

During the 50-day