USA: RG Barry Slips Into Red In 2002
Leading slipper manufacturer RG Barry Corp on Monday revealed it swung to a fourth quarter and full-year loss amid sliding sales and large restructuring expenses. The Ohio-based company posted a quarterly net loss of $4 million versus a year-ago net profit of $3.2m as net sales slipped to $47.4m from $52.1m. Included in the figure was a restructuring charge of between $2.5m and $3.5m.