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.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE