The company's direct sales (internet and catalog) were $781,000 during the quarter, nearly double the last year's level of $405,000.
Leonard Snyder, Interim Chief Executive Officer, said, "The year 2005 was very disappointing for the company, as customers did not respond favorably to our apparel offerings. That coupled with a decision early in 2005 to alter the timing and quantity of fall, winter and holiday receipts, resulted in the company not having proper quantities of gift-giving and wear-now merchandise during the all important fourth quarter."
Founded in 1948 and headquartered in Dallas, Texas, Harold's Stores Inc, currently operates 41 upscale ladies' and men's specialty stores in 19 states. The company's Houston locations are known as "Harold Powell."
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