With Design Reports Loss of $563,747 in 2nd Quarter

With Design in Mind International, a Chatsworth-based marketer of toy products, reported a loss of $563,747 on sharply lower sales for its fiscal second quarter that ended March 31.

Sales dropped to $136,124 as the company continued its restructuring, liquidating its giftware product line inventories. In the comparable quarter a year earlier, With Design lost $1.27 million on sales of $352,357.

For the six months that ended March 31, With Design posted a loss of $896,224 on sales of $614,826. In the same period a year earlier, the company lost $1.53 million on sales of $2.38 million.

Despite the loss, With Design said that it had cut expenses and that it expected sales to improve as the company begins shipment of a new line of toys for children.

With Design also reported that Walter F. Cruttenden III and Howard H. Hoffman resigned from the board of directors.

Joining the board is Renee White Fraser, chief executive of Fraser & Associates Advertising Inc. in Los Angeles. With Design also named Nancy Greenberg, formerly a sales manager for Stephen Lawrence Co., as director of sales.