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EARNINGS REPORT: STARTER "SLUGGISH" IN APPAREL SALES
Published October 31, 1997
CT-based Starter Corp. reported that third-quarter net income "fell" 49% as a result of "sluggish apparel sales," according to the WALL STREET JOURNAL. The company said net income fell to $5.6M, or $.20 a share, down from $10.9M, or $.40 a share, a year ago. Sales fell 12% to $149.4M from $170.6M (WALL STREET JOURNAL, 10/31).