Birks & Mayors (BGI) has released an update.
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Birks Group Inc. reported a decline in net sales for the first half of fiscal 2025, with a total of $80.1 million, down 8.8% from the previous year, primarily due to a third-party jewelry brand exit. Despite this, an increase in sales of timepieces helped offset some losses, and store renovations contributed positively. The company also noted a decrease in gross profit and an increase in net loss compared to the same period last year.
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