Courier Swings from Loss to Net Income of $1.6 Million on Sales of $59 Million
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Of Courier’s three publishing businesses, REA alone was profitable during the quarter, with sales up 2 percent from a year earlier despite the absence of Borders, which had been one of REA’s largest customers prior to the chain’s closing. At Dover, sales were off 2 percent but careful attention to costs enabled the business to trim its operating loss by more than 20 percent. Creative Homeowner, with sales down 31 percent in a challenging retail environment, lost $227,000.
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