Retailer News

BARRY'S POSTS FIRST-QUARTER LOSS Barry's Inc. posted a $5.7 million net loss for the first quarter of fiscal 1997, which ended Aug. 31. That compares with a $1 million loss for the same period of fiscal 1996. Net sales for the quarter totaled $26.1 million, down from $26.7 million. In other first-quarter results: Selling, general and administrative expenses rose $1.1 million because of higher expenditures for professional services, advertising and start-ups. Cost-of-goods-sold and occupancy expenses rose by about $1 million. Barry's attributed the increase to a shift to value pricing and to higher reserves for inventory shrinkage. Barry's incurred an extraordinary charge of $876,000 related to termination of a securitization agreement with Capital Markets Assurance Corp. This was replaced by an $85 million revolving line of credit from Fi
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out