Knickerbocker Restructuring Ends in $28-Million Loss

L.L. Knickerbocker Co. Inc., the Lake Forest-based seller of collectible items and other merchandise, reported a fourth-quarter net loss of $21.8 million, or $1.06 a share, which included one-time charges of $13.5 million related to restructuring and consolidation of operations. For the comparable period a year earlier, the company earned $609,000, or 4 cents a share. Revenue declined 15% to $19.7 million from $23.1 million.

For the year, Knickerbocker lost $28.7 million, or $1.46 a share, compared to a net loss of $4.4 million, or 24 cents a share, for the previous year. Revenue was down 12% to $60.4 million from $68.3 million.