Lower Sales, Charges Drive Joe’s Jeans to Loss

Revenues off 5.4 percent in third quarter as store impairment and aged inventory weigh on bottom line.

By Arnold J. Karr

denim/news

Lower sales and onetime charges dropped Joe’s Jeans Inc. to a third-quarter loss.

For the three months ended Aug. 31, the net loss was $2 million, or 3 cents a diluted share, against...

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Lower Sales, Charges Drive Joe’s Jeans to Loss

Revenues off 5.4 percent in third quarter as store impairment and aged inventory weigh on bottom line.

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