By  on October 20, 2009

Rafaella Apparel Group Inc. had to contend with reduced orders and provide markdown assistance to customers in its fourth quarter, but inventory control and reduced year-over-year charges swung the firm into the black.

For the three months ended June 30, the New York-based vendor’s net income totaled $131,000 compared with a net loss of $26.2 million a year ago. Sales in the quarter fell 42.7 percent to $23.8 million from $41.6 million in the 2008 period.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus