Fashion House delivers 1st batch of shoes under three labels
12 Oct '06
1 min read
The Fashion House Inc reported preliminary sales results for the third quarter ended September 30, 2006.
Net sales during the third quarter of 2006 rose to $3.3 million from $0.5 million reported in the same period a year ago. For the nine months ending September 30, net sales reached $6.0 million compared to $1.2 million for the same period in 2005.
During the quarter, The Fashion House made their first deliveries of shoes under the Isaac Isaac Mizrahi, Oscar by Oscar de la Renta and Blass Bill Blass labels. The company also delivered shoes from O Oscar, an Oscar de la Renta Company and tyler. Richard Tyler.
This design-driven footwear company expects to report a continued operating loss for the third quarter of 2006 and the nine months ended September 30, 2006 when its complete financial results are reported.
"We are encouraged that our hard work will pay off as we develop our licenses and grow our revenue," said John Hanna, president and chief executive officer.