AT Cross deeper in red


21 October 2004 – Lincoln (RI): Citing soft demand for its luxury pen range, AT Cross has reported a wider Q3 loss.

The company revealed a deficit of $1.1 million, or a $0.07 per share loss, compared to last year’s loss of $973,000, or $0.06 per share. Sales slumped five per cent to $30.1 million.

President/CEO David Whalen said: "Stricter inventory practices on non-seasonal items continued to adversely impact our business."