COLLECTIBLE COMPANY TAKES BIG HIT IN EARNINGS
The labor problems in sports and its own restructuring "took
a toll" on Score Board Inc. The sports memorabilia company
yesterday "reported a dismal fourth quarter and an equally
unsatisfying fiscal year." Score Board CEO Ken Goldin: "Our
disappointing fiscal 1995 financial results masked much of the
internal progress we achieved. With our overhead structure
reduced substantially, improved profit margins, reduced inventory
levels and the resumption of he baseball and hockey seasons, the
company is now positioned for a return to profitability."
Another cause for optimism, according to Jane Von Bergen of the
PHILADELPHIA INQUIRER, is that one of Score Board's chief
competitors, Upper Deck Co., shut down its autographed sports-
memorabilia business. Score Board attributed its 4thQ loss to
its withdrawal from entertainment and minor-league product
categories and sports labor strife (PHILADELPHIA INQUIRER, 4/14).