USA: Hartmax Sees Full-Year Profit Despite Q1 Loss
Clothing manufacturer Hartmarx Corporation on Monday posted a slight fall in first quarter sales and a net loss of $500,000 compared with a net loss of $900,000 in the year-ago quarter. The Chicago-based company, which produces apparel under names such as Hickey-Freeman, Palm Beach and Cambridge, said it was benefiting from restructuring despite a weak retail environment and would axe a plant later this month.
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