By  on May 9, 2013

Reductions in expenses weren’t sufficient to offset declines in sales as Hampshire Group Ltd. saw its first-quarter loss expand.

In the three months ended March 30, the New York-based sportswear marketer saw net losses grow to $5.4 million, or 72 cents a diluted share, from $5 million, or 74 cents, in the prior-year period. The reduction in loss per share was attributable to an increase in the number of shares outstanding.

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