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L.A. Gear Stumbles Once Again


In Business This Week

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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