Brookstone’s Sales Slide Continues

Sales at gifts and gadgets cataloger/retailer Brookstone continue to fall. The company reported total net sales of $73.0 million for the quarter ending July 4, a 25.1% decrease from the comparable 13-week period of 2008.

Brookstone reported a second-quarter loss from operations of $10.5 million, compared to a loss from operations of $7.7 million for the second quarter of 2008.

But Brookstone’s second-quarter sales were better than the first quarter. Its total net sales were $134.4 million for the first half of 2009, a 28.2% decrease from first half of 2008.

Merrimack, NH-based Brookstone reported a loss from operations of $31.3 million for the first half of 2009, compared to a loss from operations of $20.7 million for the period 2008.

On the upside, Brookstone CEO Philip Roizin said in a release that the multichannel retailer has made some progress: It has reduced operating expenses by $16.5 million so far this year, and inventory levels were managed down by 28% during the second quarter compared to last year.

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