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Drop in Hanover Direct's revenues due to lower customer response

22
Feb '06
Branded merchandiser Hanover Direct Inc announced that it preliminarily reported net income applicable to common shareholders of approximately $0.5 million for the fourth quarter ended December 31, 2005 (14 week period), compared to $4.9 million for the same period last year (13 week period).

For the 2005 fiscal year (Fifty-three week period), the Company expects to report net income applicable to common shareholders of $11.7 million compared to $4.9 million in the prior fiscal year (Fifty-two week period).

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Hanover Direct Inc provides quality, branded merchandise through a portfolio of catalogs and e-commerce platforms to consumers.

The Company's portfolio of home fashion and apparel catalogs and Internet websites include Domestications, The Company Store, Company Kids, Silhouettes, International Male and Undergear.

Hanover Direct Inc


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