Barry's Jewelers reports strong December sales results, earns upgrade in NASDAQ listing.MONROVIA, Calif.--(BUSINESS WIRE)--Jan. 5, 1995--Barry's Jewelers Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BARY) Thursday reported a strong, double-digit increase in sales for the month of December 1994. The company also announced that it has qualified for listing on the NASDAQ National Market System and has commenced trading on that exchange. For the month of December 1994, Barry's achieved overall sales of $32.5 million, up 25 percent over the same month last year. Comparable store sales increased 13 percent. The company also reported that it has qualified for listing on the NASDAQ National Market System and, effective Dec. 30, 1994, that it had commenced trading its stock on that exchange. Barry's stock previously traded on the NASDAQ Small-Cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock System under the symbol "BARY," which it will retain. Commenting on the results, Terry L. Burman, president of Barry's Jewelers, said, "We are very pleased with our performance for December, especially as it marked the third consecutive year in which we attained at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. a double-digit comp comp See comparison. store sales increase. "Although it was a highly competitive and promotional holiday season, which impacted our gross margin, our strong sales increase will more than offset the effect on our profitability. We are particularly pleased with the performance of the 22 new stores we opened throughout our second fiscal quarter, which ended November 30. "We believe the strong sales performance of these newly opened stores will lead to improved bottom-line results beginning as early as December. "Our recent upgrade to the NASDAQ National Market System reflects the steady progress we have made in improving Barry's financial position over the last few years," Burman added. "We are proud of this accomplishment and will be maintaining the strategies and programs that brought it about." Barry's Jewelers, the nation's third-largest independent retailer of fine jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. , operates 163 retail jewelry stores throughout the country, primarily in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Texas, Arizona, North and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Utah, Montana, Colorado and Ohio. CONTACT: Barry's Jewelers Inc., Monrovia
Terry L. Burman, 818/303-4741
or
Silverman Heller Associates
Eugene G. Heller, 310/208-2550
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