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BGI - Birks' net sales were flat this holiday season despite pandemic
Birks Group Inc.
Birks Group (BGI) +2.5% premarket, reports holiday period (November 1, 2020 through December 26) net sales declined 0.2%Y/Y, primarily due to a 1.8% decrease in comparable store sales, driven by temporary store closures due to COVID-19 restrictions.Excluding the seven stores that were temporarily closed for in-person shopping, comparable stores sales increased by 6.8%.E-commerce sales increased by 176 Y/Y.