Bluefly Inc. reported a net loss of $1.1 million for the first quarter, a 38% improvement over a net loss of $1.8 million last year.
The online apparel retailer reported net sales of $11.1 million for the quarter ended March 31, up 11% from $8.3 million last year.
The New York company attributed the loss reduction to a $169,000 partial payment of damages from a lawsuit and other income gained from stock market fluctuations.
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