Brookstone Inc. (Merrimack, N.H.) announced a 2.3 percent decrease in total sales for the nine-week period ending Dec. 31, 2005. Same-store sales decreased 8.1 percent.
In December, however, total sales decreased by just 0.1 percent. Same-store sales fell 5.5 percent.
These sales figures did not include sales from the company's Gardeners Eden brand, a discontinued operation. The company announced plans to sell its Gardeners Eden business in June 2005, and only one store currently remains open.
“We are encouraged by our preliminary results for the month of December,” said Michael Brooks, president and ceo of the product development company and specialty lifestyle retailer. “We believe we are well-positioned for 2006. We ended the year with a healthy cash position. We have a number of new product launches planned, some of which will be our exclusive launch of certain OSIM healthy lifestyle products.”
In October 2005, Brookstone was acquired through a merger transaction with Brookstone Acquisition Corp., a Delaware corporation formed by OSIM International Ltd and affiliates of J.W. Childs Equity Partners III L.P. and Temasek (Private) Capital Limited. As a result of the acquisition, Brookstone Inc. became a privately held, wholly owned subsidiary of OSIM Brookstone Holdings L.P.