Trend-Lines, Inc., a woodworking tools direct marketer based in New York, reported a net loss of $3.8 million for the quarter ended May 27, a sharp decline from net income of $170,000 in the year-ago quarter.
Net sales were $69.7 million, a decline from $71 million during the same period last year.
The firm said it was in negotiations to divest its Golf Day catalog, Web site and stores retail stores, Golf Day mail order catalog and plans to complete the transactions in September.
