L.L. Knickerbocker Reduces Its Quarterly Losses From Year Earlier

L.L. Knickerbocker Co. Inc., a Lake Forest marketer of collectibles, jewelry, toys and gifts, reported a fourth-quarter net loss of $3.6 million, or 8 cents a share, compared with a year-earlier net loss of $6.7 million, or 15 cents a share. The most recent fourth-quarter loss included $2 million for writing down goodwill and property, as well as $282,000 in professional fees related to the company’s bankruptcy. Sales declined 19% to $8.1 million.

For the year, the company posted a loss of $3.4 million, or 7 cents a share, compared with a net loss of $11.2 million, or 33 cents a share, for 1999. Sales dropped 28% to $30.3 million.