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L.A. Gear Stumbles Once Again


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L.A. GEAR STUMBLES ONCE AGAIN

The hits just keep coming at L.A. Gear, the maker of athletic shoes. CEO Stanley Gold warned investors on Dec. 1 that the company expects a fourth-quarter loss of about $30 million, contributing to a full-year deficit of $80 million. Margins are still collapsing as Gold, whose Trefoil Investors is the largest shareholder, tries to sell off seemingly endless inventories.EDITED BY HARRIS COLLINGWOOD


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