USA: Cutter & Buck Narrows Q4 Loss, Sales Slide
Upscale sportswear maker Cutter & Buck Inc on Thursday posted a narrower fourth quarter net loss of $990,000 versus $1.03 million in the year-ago period but said sales slumped to $36.3m from $52.7m in 2002. The Seattle-based company, which earlier this week said it expects to resolve an SEC probe into its finances without fines or penalties, said its full year net loss widened to just under $12m from $10.3m last year as sales fell to $131.7m from $161.1m.
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