Heelys Keeps Rolling Downhill

2008-08-13T00:00:00

Sales for the wheeled-shoe company dropped by 75.5 percent to $18.2 million in the second quarter ended June 30 compared with last year. Gross margins were down by 12.4 percentage points to 23.0 percent, which the company said was because of higher distribution costs and significant discounts on old inventory ...

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