Downward Spiral Continues At Heelys

The bad news never ends for Heelys. In the third quarter ended Sept. 30, sales dropped by 55.6 percent to $10.8 million, and the gross margin fell by 3.3 percentage points to 30.1 percent. The net loss was $1.1 million, compared with net income of $0.8 million in the same ...

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