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For the third quarter (13 week period) ended November 29, the Company had a net loss of $0.9 million ($0.06 per share) as compared to net income of $1.3 million ($0.09 per share) for the quarter ended December 1, 2007. For the nine months ended November 29, the net loss was $1.5 million ($0.11 per share) as compared to net income of $.6 million ($0.04 per share) for the comparable period last year. For the third quarter ended November 29, same store sales decreased 6.4 percent versus the comparable period last year. For the nine months, same store sales decreased 3.8 percent versus the comparable period last year. Net sales for the third quarter ended November 29, decreased 8.1 percent to $64.3 million versus $70.0 million for the comparable period last year. Net sales for the nine months decreased 5.3 percent to $187.9 million, versus $198.6 million for the comparable period last year. Syms currently operates a chain of thirty-two "off-price" apparel stores located throughout the Northeastern and Middle Atlantic regions and in the Midwest, Southeast and Southwest. Each Syms store offers a broad range of first quality, in-season merchandise bearing nationally recognized designer and brand-name labels. ((Comments on this story may be sent to newsdesk@closeupmedia.com)) For full details for SYMS click here.
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