87 176
Fashion Jobs
SPECIALIZED
Brand Development Manager - Michigan
Permanent · LANSING
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
NEIMAN MARCUS
Sales Professional, Beauty
Permanent · NEW YORK
TIFFANY & CO
Manager, HR Business Partner
Permanent · NEW YORK
URBN
Security Officer (Monday-Thursday; Overnight Shift)
Permanent · LEVITTOWN
AMERICAN EAGLE OUTFITTERS
ae - Market Visual Leader - us
Permanent · MCLEAN
CROCS
Supervisor, Distribution Center - 1st Shift
Permanent · LAS VEGAS
NEWELL
Associate Brand Manager, Coleman
Permanent · ATLANTA
By
Reuters
Published
Sep 9, 2008
Download
Download the article
Print
Text size

Ashworth explores alternatives including sale

By
Reuters
Published
Sep 9, 2008


www.AshworthCorporate.com

Sept 9 (Reuters) - Ashworth Inc , a maker of golf-inspired sportswear, said it was exploring strategic alternatives, including a possible sale of the company, and posted a wider quarterly loss hurt by a fall in gross margin.

The company said it retained Kurt Salmon Associates Capital Advisors as its financial adviser.

For the third quarter, Ashworth reported a net loss of $9.6 million, or 65 cents a share, compared with a loss of $5.6 million, or 39 cents a share, a year earlier.

Revenue fell 9 percent to $45.2 million.

Ashworth said the results included a non-cash tax charge of $1.3 million, or 9 cents a share. It also reflects an increase in inventory write-down of $0.6 million taken in the UK, the company said.

One analyst expected a loss of 14 cents a share, before special items, on revenue of $48.6 million, according to Reuters Estimates.

Consolidated gross margin decreased to 34.9 percent from 38.2 percent.

Shares of the company closed up 6.4 percent at $3.99 Tuesday on Nasdaq. (Reporting by Anand Basu in Bangalore; Editing by Vinu Pilakkott)

© Thomson Reuters 2024 All rights reserved.