In reporting a net loss of $873,000 against income of $1,346,000 on a 20% dip in sales to $6,495,000 from $9,098,000 for the third quarter ended Oct. 29, the new owner of the Hi-Tec brand said it has already sold off the operating assets of the company to its new licensee partners in most major markets, and anticipates some activity in expanding beyond the sporting goods specialty channel next year as it transitions the brand to the new licensing model. However, it will begin expansion into new categories with a small pod in Q4 of next year and more aggressive ... Log in to view full article.