Lenox Group's operating loss slides to $6.24 million in March

By Caroline Salls

Pittsburgh, May 1 - Lenox Group Inc. reported a $6.24 million March operating loss on $7.18 million in net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The figures showed a decline from the $2.43 million operating loss posted in February on $14.92 million in net sales.

The net loss for March was $92.12 million, widening significantly from a $1.58 million February net loss.

The company had $3.23 million in cash at March 31, compared with $1.58 million at the end of February.

Eden Prairie, Minn.-based Lenox is a maker of tableware, collectibles and giftware. It filed for Chapter 11 bankruptcy protection on Nov. 23, and its Chapter 11 case number is 08-14679.

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