Brookstone Inc. (Merrimack, N.H.) announced a net loss of $5.7 million for its second quarter ended July 30, 2005. The specialty retailer announced plans to divest its Gardeners Eden business on June 29.
For the 26-week period ended July 30, Brookstone reported a net loss of $12.5 million.
Total sales for the second quarter decreased 6.6 percent, while same-store sales decreased 10 percent. Total sales for the 26-week period decreased 2.2 percent and same-store sales decreased 7.3 percent.
As previously announced, Brookstone has signed a definitive merger agreement — which was amended as of July 15, 2005 — to be acquired by a consortium led by OSIM International Ltd., J.W. Childs Associates L.P. and Temasek Capital (Private) Limited.