Red Envelope addressing challenges

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Speculation that gifts cataloger Red Envelope may shutter gained more clout last week as the nine-year-old company reported a loss of $4.3 million, compared with a net income of $5.3 million for the same period last year. Order shipments during the third quarter dropped about 20% compared with last year. CEO John Pound said in a statement that Red Envelope “is evaluating various options for addressing these challenges immediately.”

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