(Reuters) - The company, which sells elegant eveningwear and
day-into-evening sportswear, said total net sales for the
four-week period ended May 26 decreased 3.5 percent to $21.9
million.
"We are currently taking the markdowns necessary to end the
quarter in a healthy inventory position and are re-balancing
our assortments to be in a better position for the fall/holiday
season," Chief Executive Brian Woolf said in a statement.
Read more at Reuters.com Market News
day-into-evening sportswear, said total net sales for the
four-week period ended May 26 decreased 3.5 percent to $21.9
million.
"We are currently taking the markdowns necessary to end the
quarter in a healthy inventory position and are re-balancing
our assortments to be in a better position for the fall/holiday
season," Chief Executive Brian Woolf said in a statement.
Read more at Reuters.com Market News
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