Clothestime Inc., Anaheim, posted a net loss...

Clothestime Inc., Anaheim, posted a net loss for the first quarter ended April 30 of $819,000, which included a gain of $663,000 from an accounting change for income tax. The loss is contrasted with net income of $2.6 million for the comparable quarter last year. A continued slowdown in junior apparel and weak spring and Easter business contributed to a sales decline of 8%, to $37.8 million from $40.9 million a year earlier. The company operates 344 women’s apparel stores in 18 states.