Full year profit at off-price apparel chain Syms Corp slumped to $0.8m, from $9.5m in 2006, which it blamed on a gain from real estatesales  in the prior year.

Net income for the 13 weeks ended 1 March  was $0.3m, compared to $3.2m for the final quarter of last year.

Net sales for the fourth quarter decreased 13.8% to $68.6m, compared to $79.5m last year and were down 5% to $267.1m for the full-year.