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Le Tote records $32.04 million operating loss for February period
By Sarah Lizee
Olympia, Wash., March 31 – Le Tote, Inc. reported a $32.04 million operating loss on $28.41 million of gross revenue for the February period, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.
The net loss for the period was $38.06 million.
The company listed $35.99 million of cash at the end of February.
New York-based Lord & Taylor, a unit of Le Tote, operates fashion stores in the United States. The company filed bankruptcy on Aug. 2, 2020 under Chapter 11 case number 20-33332.
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