USA: Tarrant Apparel Suffers Q1 Loss
Casual clothing producer Tarrant Apparel Group has reported a first-quarter net loss of $1.7 million after a profit of $446,000 last year but said it was seeing improved business trends. The Los Angeles-based company, which designs and manufactures moderately-priced clothing for men, women and children, said net sales for the quarter plunged to $65.2m from $84.3m last year.