Whitehall Jewelers saw diminishing financial results during the end of the fiscal year. Its sales, comparable sales were reportedly affected by the economic recession. Whitehall did not encounter much consumer purchase on selective jewellery items either and accounted a net loss worth $74.1 million. %% In the last quarter ending February 2, 2008, Whitehall’s net loss was worth $24.6 million, whereas last year it had earned a net income worth $0.9 million. The present quarterly loss also includes $23 million of non-cash impairment charges. Net sales amounted to $85.3 million, while its comparable store sales decreased by 13.8 percent. %% Gross profit for the quarter was $29.4 million, while for the year as a percentage of sales was valued at 28 percent. During the fiscal 2007, the net sales dipped by 8.8 ;percent to amount to $242.9 million and the comparable stores sales declined by 7.5 percent. The net loss in the fiscal increased by $74.1 million compared to the net loss of $45.9 million in 2006.