Wilderness Experience Links Loss to Price Cuts
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Wilderness Experience, a Chatsworth-based maker of outdoor gear, reported a $164,000 loss in its first quarter ended Jan. 31, contrasted with a loss of $30,000 a year ago. Sales were down 14%, to $1.2 million.
The company attributed its widened loss to price cuts needed to reduce inventories. It said sales have started to improve since the quarter ended, and that savings from a cost-cutting drive are also starting to become apparent.
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