USA: Website Closures Widen Losses At Delia's
New York-based Delia's Corp posted a slightly higher loss for the fiscal second quarter, mainly due to divesting some Internet and non-core businesses.
For the period ended August 4, the multi-channel retailer to teenage girls and young women reported a loss of $11 million, or 28 cents a share, compared with a year-earlier loss of $10.5 million, or 42 cents a share. Revenue fell 30 per cent to $26 million from $37.3 million.
Andrea Weiss, president, said: "Our core operations remain on track. At retail we saw a substantial 25 per cent increase in sales over last year and we recorded a 4 per cent increase in direct productivity year-over-year."
"Looking forward, we are encouraged by the momentum of our back-to-school sales. We continue to expect to return to net income profitability in the fourth quarter and to be profitable for the second half taken as a whole."
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