Financial Reports: DWR, Golfsmith

Direct Sales Slide At DWR
Third-quarter direct sales for modern furniture cataloger/retailer Design Within Reach fell nearly 27%, to $8.7 million, compared to $11.8 million for the same period last year.

For the 13-week period ended Sept. 27, net sales decreased 13.7%, to $42.3 million, down from $49.0 million a year ago. Design Within Reach’s net loss for the third quarter was $5.6 million, compared to net income of $2.4 million in the same period last year.

Net Income Falls 30% at Golfsmith
Third-quarter sales for Austin, TX-based Golfsmith International Holdings slipped 4.5%, to $101.7 million, down from $106.5 million in the third quarter of fiscal 2007.

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