Lillian Vernon Loses $4.1M in Q3

Share this content:
Blaming the difficult retail environment and a reduction in catalog circulation, Lillian Vernon Crop. said yesterday that it lost $4.1 million for the third quarter.


Revenue for the third quarter was $78.3 million compared to $87 million a year ago. The net loss for the first nine months was $15.1 million compared to a loss of $4.7 million a year ago.


"Our balance sheet remains strong. Cash and investments at Dec. 17, 2002, were $28 million versus $27.3 million on the comparable day last year," said chairwoman/CEO Lillian Vernon.


Vernon also said the Rye, NY, company's Web site continued its double-digit growth, growing 49 percent in the third quarter, and is its fastest growing segment. The company said it has reduced its catalog circulation by 3 percent this year.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above