USA: Nautica Posts £2.6m Q1 Loss Amid Sales Slump
US apparel giant Nautica Enterprises Inc on Tuesday swung into a first quarter net loss of $2.6 million amid falling sales and a $2.1m charge related to the axing of a distribution centre in Maine. The New York-based company, which made $3.2m in the year-ago period, said in a statement it was optimistic about its performance for the rest of the fiscal year.
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