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Article: Stage II earns $133,000 in quarter. (Stage II Apparel, third quarter 1997)(Brief Article)
- Article from:
- Daily News Record
- Article date:
- November 26, 1997
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Copyright informationCOPYRIGHT 1997 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Cutting overhead and inventory, Stage II Apparel, an importer and marketer of men's and boys' casual apparel and activewear, managed to earn $133,000, or 3 cents a share, in the third quarter, up from just $12,000 in the year-ago period.
Sales slumped 45 percent to $5.7 million from $10.4 million. Michael T. Hanrahan, chief financial officer, explained that the sales dip was planned. "We're concentrating our sales to the customers that give us the best ...
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