The Mr. Quiggly-endorsed brand, faced with tough comparisons and the shedding of millions worth of toning inventory, reported a $57,661,000 loss against a profit of $3,237,000 in the fourth quarter ended Dec. 31. Results included a $5.6 million reserve for original toning product that still must be moved. Period revenues declined 38% to $283,248,000 from $454,619,000.

Domestic wholesale revenues were off 58% as international sales slid 28% on the slowdown in Europe, a transition to subsidiary business in Japan and a restructuring of operations in Brazil. Retail comps were down 15.5% in the U.S. and off 10.8% in international markets. Quarterly ... Log in to view full article.