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CANDIE'S, INC., REPORTS SECOND QUARTER LOSS OF $1,865,887

 NEW YORK, Sept. 30 /PRNewswire/ -- Candie's, Inc. (NASDAQ: CAND; CANDU), today reported a loss of $1,865,887 (40 cents per share) for the quarter ended July 31, 1993. The loss included a reserve of $400,000 for losses resulting from a fire at the factory of one of its Bright Star subsidiary's suppliers.
 Neil Cole, the chairman and CEO of Candie's, said: "We have experienced great retail sell-through on our fall '93 collection and excellent initial placements of our spring '94 product line. We believe this bodes well for the company's future."
 Candie's, Inc., designs, markets, imports and distributes a variety of fashion and athletic footwear under the CANDIE'S trademark, as well as several other trademarks.
 -0- 9/30/93
 /CONTACT: Michael Callahan, CFO of Candie's, 212-869-8725, or Melissa Wilmoth of Cameron Associates, 212-644-9560/
 (CAND)


CO: Candie's, Inc. ST: New York IN: SU: ERN

TW-CK -- NY089 -- 7415 09/30/93 15:22 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
Words:154
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