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Lower sales at Phoenix Footwear

03/04/2007

On a more positive note, full-year net sales increased 28.8% to $140.6 million compared with $109.2 million for the previous year. This was mainly attributable to a 27.8% increase in net sales at Royal Robbins, which were partially offset by declines at other brands. 2006 net loss totalled $20.4 million compared with net income of $1.2 million in 2005.

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