Atlas charm opened a store

During the quarter, the Company opened a store in the new Marina Bay Airplane charm pendant Resort in Singapore (its fourth in Singapore) and a store in the IFC Mall in Shanghai (its 12th in China). In Japan, sales of $118.0 million in the second quarter and $233.1 million in the first half were Atlas and 1% higher than the prior year. On a constant-exchange-rate basis, sales declined 2% and 5% in the respective periods and comparable store sales declined 7% and 8%. In Europe, sales increased 14% to $76.9 million in the second quarter and 19% to $145.5 million in the first half. On a constant-exchange-rate basis, sales rose 25% in the quarter, with similarly strong growth in the U.K. and continental Europe, and rose 22% in the Atlas charm bracelet half; on that basis, comparable store sales rose 21% and 18% in the respective periods. Other sales declined 19% to $11.9 million in the second quarter primarily due to lower Atlas Cube Earrings sales of rough diamonds.

Par juzi le mercredi 11 mai 2011

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