L.A. Gear said it lost $11.4 million...
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From Times Wire Services
L.A. Gear said it lost $11.4 million in the third quarter--the same as last year--but quarterly sales dropped 20%.
The Los Angeles-based athletic footwear producer said it had sales of $136.4 million for the quarter that ended Aug. 31, compared to $170.5 million reported during the same quarter a year ago.
Chairman Stanley Gold said the company is trying to boost sales by improving product quality.
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