Brookstone Inc. had first quarter 2002 sales of $56.6 million, up from $55 million in first quarter 2001. Much of this was due to new store openings: same-store sales fell 3.3% between quarters, and direct marketing sales for the first quarter decreased 3.4%.
The quarter ended May 4.
Michael Anthony, Chairman, President and Chief Executive Officer, commented, "In the direct marketing channel, we have experienced substantial improvement in our sales per book which is reflective of our plan to reduce circulation and increase profitability in this segment," Michael Anthony, Brookstone’s president and CEO said in a statement.
Brookstone markets consumer products through its retail outlets and three catalogs: The Brookstone Catalog, Hard-to-Find Tools and Gardener’s Eden. The company is based in Nashua, NH.
