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Birks Grows Sales, Tightens Losses | Toronto News
Birks Group delivered a strong year-end performance with a 15.5% sales surge to $205.4M, fueled by their European Boutique acquisition and booming Birks-branded jewelry lines. Gross profit jumped nearly $13M to $79.2M, pushing profit margins up to 38.5%. Though they still posted a net loss of $3.4M (down from $12.8M last year), the improvement signals solid momentum. Strategic moves include new financing from Gordon Brothers and a new Vancouver store opening this fall — all pointing to a company on an upward trajectory. Listen in comfort:Get a discount on a Soli Pillow…
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