By  on March 3, 2008

NEW YORK — Weaker jewelry sales and higher transportation costs slowed Swank Inc. down in the fourth quarter, though the furnishings company said the new Tumi line will help it diversify its operations.

Fourth-quarter net income fell 65.1 percent to $3.5 million, or 57 cents a share. This compared with $9.9 million, or $1.63, a year earlier, when the firm registered a $5 million onetime tax benefit.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus