Daily News Record, June 30th, 1994
PHILADELPHIA (FNS) -- With the help of lower costs and better margins, Strawbridge & Clothier narrowed its first-quarter loss to $988,000 from a year-ago loss of $4.3 million.
Sales for the quarter ended April 30, rose 5.7 percent to $208.3 million from $197.2 million.
The company said that economic improvement in its trading region and improved weather led to the increase in sales. Cost of sales decreased to 75.9 percent of sales from 77.5 percent because of h...
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