|
|
Article: DELIA'S 2ND-QUARTER LOSS DEEPENS.(Brief Article)
- Article from:
- WWD
- Article date:
- September 2, 1999
CopyrightCOPYRIGHT 1999 Conde Nast 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)
|
NEW YORK -- Second-quarter losses at Delia's Inc. widened to $6.1 million from a $143,000 loss a year earlier, although sales gained 26.2 percent.
The loss, equal to 42 cents a diluted share, was 1 cent worse than Wall Street's consensus estimate.
Sales for the quarter ended July 31 climbed to $33.4 million from $26.5 million. New catalog titles and new retail stores drove the increase, which was partially offset by lower circulation of the Delia's summer catalogs and lower sales at Delia's TSI Soccer subsidiary, the company said.
"As expected, the second quarter was one in which we focused on building infrastructure to support the growth of ...