Brookstone Reports Wider 3Q Loss

Merrimack, NH-based tools and gadgets merchant Brookstone reported a wider third-quarter net loss, a result of the disposition of its Gardeners Eden brand. (See “Brookstone to Sell Gardeners Eden.”)

For the three months ended Oct. 29, Brookstone lost $13.4 million, $11.7 million of which it attributed to Gardeners Eden, which the company describes as discontinued operations. For the third quarter of last year it had posted a net loss of $6.7 million.

Third-quarter net sales slid 7%, to $76.7 million. Direct-marketing sales remained flat at $13.9 million. Same-store sales decreased 11%.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.