West Marine Inc. reported a net loss of $21.5 million for the fourth quarter, compared to a net loss of $3.4 million last year.
The direct marketer and retailer reported net sales of $124.8 million for the quarter ended Dec. 31, up 3.9% from net sales of $118.1 million last year.
Management of the Watsonville, CA firm attributed these results to charges it had to take stemming from the abandonment of software development projects.
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