Birks Group Inc (BGI)

[Tim]

BGI looking good pre-market:

Birks Group Reopens All Canadian Stores
6:51 am ET July 1, 2021 (Dow Jones) Print

By Chris Wack

Birks Group Inc. said all 29 of its retail stores across Canada are now open for in-person shopping and serving clients in accordance with the directives of local government and public health officials.

The company said it reopened all nine of its mall stores in Ontario for in-person shopping on Wednesday, in line with the second step of the province's re-opening plan.

The stores were previously closed for in-person shopping, but open for curbside pick-up and concierge services, since April 17. The stores also were temporarily closed for a 15-week period between Nov. 23, 2020, and March 9, 2021, in accordance with the Ontario government's directives for non-essential retail stores. As required by provincial health restrictions, the stores are currently operating at 25% capacity.

Birks Group also said it has received confirmation from the NYSE American that it wasn't in compliance with the continued listing standards, applied if a listed company has stockholders' equity of less than $6 million and has reported losses from continuing operations and/or net losses in its five most-recent fiscal years.

Birks Group shares were up 35% to $3.18 in premarket trading.