Brookstone Inc. posted a net loss of $117.5 million for the fourth quarter, compared to net income of $34.2 million in the prior year.
The giftware direct marketer reported net sales of $220.1 million for the quarter ended Jan, 3, a 23.7 % decrease from $228.5 million last year.
The Merrimack, NH firm posted gross profit of $72,000 for the quarter, a decrease from $131.1 million in the prior year.
The company reported selling, general and administrative expenses of $51.3 million for the quarter, a drop from $65.8 million last year.
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