Brookstone Loss Rises in Third Quarter
October 29, 2010,
MERRIMACK, N.H.--Brookstone registered a third-quarter net loss of $20.3 million, compared to a $19 million net loss in the third quarter of last year.
The retailer's redder bottom line emerged in spite of a net sales increase of 6.6 percent to $72.7 million, which included a gain of 6.2 percent in same store sales. Selling, general and administrative expenses finished the quarter 9.3 percent higher than they were in the 2009 third quarter, and also added 100 basis points as a percentage of sales, to 38.3 percent. Gross margin in the quarter increased 54 basis points to 18.9 percent.
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
COVER STORY: HFN Turns 90
We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.
ALSO IN THIS ISSUE:
- Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
- Omnichannel Retailing - In the Mobile App World, Time is Money