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SWANK, INC. REPORTS FINANCIAL RESULTS

 SWANK, INC. REPORTS FINANCIAL RESULTS
 NEW YORK, Feb. 27 /PRNewswire/ -- Marshall Tulin, president of


Swank, Inc. (NASDAQ: SNKI) today reported sales and earnings for the fourth quarter and year ended Dec. 31, 1991.
 Commenting on the results for the year, Tulin said, "While the decline in sales was anticipated due to the sluggishness of the economy, it only increases the significance of our improvement in income. For 1992 we will continue our program of operating cost reductions while making every effort to maximize sales and profits. As December retail sales by our major customers were not particularly robust, we remain cautious in our outlook for the first half of 1992. We hope to see some recovery during the second half of the year."
 Swank manufactures and markets men's and women's jewelry, belts, personal leather goods, neckwear, fragrances and gift items. The company distributes its products to retail outlets throughout the United States and in 50 foreign countries. These products which are known throughout the world are distributed under the names "Swank," "Colours by Alexander Julian," "Royal Copenhagen," "Pierre Cardin," "L'Aiglon," "Anne Klein," "Nautica," "Richard Scott" and "90 Park," among others. Swank also manufactures jewelry and leather items for distribution under private label.
 SWANK, INC. FINANCIAL RESULTS
 (In Thousands)
 Three Months Ended Year- Ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Net sales $45,422 $49,448 $128,064 $136,701
 Income (loss)
 before taxes 720 (1,139) 2,046 (4,504)
 Net income (loss) 444 (2,454) 1,226 (4,544)
 Net income (loss) per
 share: 3 cents (15 cents) 8 cents (28 cents)
 Average shares &
 equivalents
 outstanding 16,321,526 16,304,971 16,327,374 16,268,650
 -0- 2/27/92
 /CONTACT: A.C. Corsini of Swank, Inc. 212-867-2600/
 (SNKI) CO: Swank, Inc. ST: New York IN: REA SU: ERN


TM-DD -- NE004 -- 3212 02/27/92 11:14 EST
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Publication:PR Newswire
Date:Feb 27, 1992
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