Comfort shoe company RG Barry said it narrowed its first-quarter loss by 87.7%, boosted by its turnaround efforts.

Quarterly loss totalled US$111,000 compared to a loss of $91,000 in the same period a year ago. Revenue, meanwhile, went up 1% to $17.16m from $16.99m last year.

CEO Thomas M Von Lehman said: "Our business continues to benefit from the significant changes of the past two years.

"The improvement in SG&A expenses and reduction in interest expense demonstrate that we are maintaining our discipline in managing overhead expenses and working capital."

Von Lehman said North American sales had grown 4%, but that was offset by slightly lower European sales.