CHAUS TRIMS PERIOD LOSS
NEW YORK — Bernard Chaus Inc. narrowed its losses in the first quarter, but said the economic climate is forcing the firm to take “a fresh look” at how to improve the bottom line.
Losses for the quarter ended Sept. 30 totaled $582,000, or 2 cents a share, compared to $936,000, or 3 cents, a year ago. Loss from operations was $18,000, compared to $372,000 a year ago.
Sales waned 3 percent to $39.5 million from $40.7 million a year ago.
In a statement, Josephine Chaus, chairwoman and chief executive, said the events of Sept. 11 did disrupt some shipments and that profitability “may be affected by current economic conditions and lower consumer confidence.
“In light of this, we are taking a fresh look at actions we can take to maximize bottom-line performance,” she said.
Last year, the marketer of women’s apparel, based here, adjusted up its infrastructure to be more efficient, driving down operating costs and improving profit margins in the fourth quarter.