FRESH BRANDS POSTS LOSS ON CHARGE FOR WEAK STORES

SHEBOYGAN, Wis. -- Fresh Brands here said last week operating problems at three underperforming corporate stores prompted it to take a non-cash after-tax impairment charge that resulted in a net loss for the third quarter and 40 weeks ended Oct. 8.All three stores "were challenged with expensive facilities and an initial pricing strategy that was uncompetitive," said John Dahly, chief financial officer,

SHEBOYGAN, Wis. -- Fresh Brands here said last week operating problems at three underperforming corporate stores prompted it to take a non-cash after-tax impairment charge that resulted in a net loss for the third quarter and 40 weeks ended Oct. 8.

All three stores "were challenged with expensive facilities and an initial pricing strategy that was uncompetitive," said John Dahly, chief financial officer, and two of the three will be closed during the first half of 2006. In a conferenc

Register to view the full article

TAGS: Center Store