Lillian Vernon 2Q Net Loss More Than Doubles

Rye, NY–A downturn in consumer spending, timing differences in catalog circulation, and the consolidation of its Neat Ideas catalog into other books led to a down quarter for multititle gifts mailer Lillian Vernon Corp. (Amex: LVC). Revenue for the quarter ended Aug. 25 was $36.8 million, down 20% from $45.8 million for the comparable period of last year. Worse, its net loss more than doubled, from $1.6 million last year to $3.4 million.

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