Financial Report: Blair Widens Net Loss

Warren, PA–Blair Corp. (Amex: BL) widened its net loss for the quarter ended Sept. 30. The women’s and men’s apparel cataloger posted a $3.3 million net loss, compared to a loss of $773,477 last year which Blair atributes to increased liquidation, including a higher volume of sale priced offerings, to move excess inventory. Blair said quarterly net sales increased 6%, to $123.0 million from $115.1 million reported last year. Third quarter reflects the current downturn in economic conditions and a continued decline in response rates and consumer spending. On Oct. 19, Blair announced its was folding its 220 Hickory spin-off in its core Blair Womenswear line.

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