In addition, the elimination of the non-compete provisions marks an important step in giving us the opportunity to expand their business and diversify beyond the traditional department store sector.'
These agreements have no impact on the Bloomingdales or Lord & Taylor divisions whose contracts, which cover a total of 88 doors, currently run through February 3, 2007.
In 2004, the Company achieved sales of approximately $465 million from the six Federated divisions with which it now does business.
The Company will report full results for the third quarter on November 17, 2005.
Finlay Enterprises Inc, through its wholly-owned subsidiary, Finlay Fine Jewelry Corporation, is one of the leading retailers of fine jewelry and the largest operator of licensed fine jewelry departments in department stores throughout the United States with sales of $923.6 million in fiscal 2004.
The number of locations at the end of the third quarter of fiscal 2005 totaled 1,009, including 34 Carlyle specialty jewelry stores.
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