Slipper marketer RG Barry Corporation has reported improved first-quarter results after implementing a simplified and refocused business model.

First-quarter net loss totalled approximately $901,000 compared with a net loss of $14.2 million in the first quarter of 2004.

Net sales for the quarter totaled approximately $17.0m compared to sales of around $18.4m a year ago.

Thomas Von Lehman, president and chief executive Officer, said: "Consistent with this positive first quarter performance, we believe that 2005 will be a year in which the financial benefits of the new business model continue to become more apparent. We also think it will be a year of stabilisation for the Company."

He added: "We are revitalizing our corporate image and the image of the Dearfoams family of footwear brands".
However, Von Lehman concluded that full-year 2005 sales are expected to be relatively static from last year's as customers evaluate the impact of the changes.

"We do, however, continue to expect to be profitable for the full year", he said.

RG Barry Corporation is one of the world's leading developers and marketers of comfort footwear for at and around the home. The company's primary brands include Dearfoams and EZfeet.