Lenox Group Narrows Losses

Lenox Group Inc. posted a net loss of $11.3 million for the second quarter compared with a net loss of $41.2 million in the prior year.

The direct marketer and retailer reported revenue of $93 million for the quarter ended June 30, a decrease from $98.4 million last year.

The Eden Prairie, MN firm posted direct sales of $15.8 million for the quarter, a 5% decrease from $16.7 million in he prior year.

The firm attributed this to product sourcing problems experienced during the first quarter and continued lower customer response rates