E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/15/2012 in the Prospect News Distressed Debt Daily.

Robb & Stucky posts negative $493,000 EBITDA, zero sales for February

By Caroline Salls

Pittsburgh, March 15 - Robb & Stucky Ltd. LLLP reported negative $493,000 of EBITDA for February on zero net retail sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Middle District of Florida.

The figures compare to negative $83,000 of EBITDA posted for January, also on zero net retail sales.

Robb & Stucky also reported a net loss of $493,000 for February, compared to an $83,000 January net loss.

The company had $217,000 of cash as of Feb. 29, down from $4.74 million at the end of January.

Robb & Stucky, a Sarasota, Fla.-based retailer of upscale, high-end furnishings, filed for bankruptcy on Feb. 18, 2011. Its Chapter 11 case number is 11-02801.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.