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Joe's Jeans Sales Continue To Tumble

Filed under: Business Blitz

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Joe's Jeans reported a $2 million net loss in the 3rd quarter ending August 31st.

Sales were down more than 5%, but they're blaming that mostly on inventory writedown.

Despite the bad news, Joe's CEO Marc Crossman says their fall collection sales are "outpacing stock levels and generated numerous reorders in our fourth quarter".

For their sake, we hope it lasts.

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