The footwear maker’s net income declined 44% in the first half to $165,000 from $297,000, despite sales inching up 5% to $3,232,000 from $3,085,000, as high interest rates and inflationary pressures resulted in shrinking market demand. Footwear products accounted for $1,033,000 in sales, narrowing to a loss of $142,000, while rental revenue was $2,199,000 and contributed ... Log in to view full article.
