Successories Inc. cut its net loss from $2.8 million in second quarter 2001 to $2.3 million in second quarter 2002. In 2001 the company had an income tax expense of $700,000 that was not repeated in the quarter just ended.
The company’s sales fell from $8.1 million to $7.1 million during the same period. The most recent quarter ended Aug. 3.
“We are encouraged with the continued improvement in the productivity of our catalogs,” Gary J. Rovansek, the Aurora, IL-based marketer’s president and CEO said in a statement, adding that the company’s low-price strategy contributed to the success of its prospecting efforts.
Sucessories markets motivational products through its catalog and Web sites.
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