AmeriMark debtors report $1.11 million operating loss for July

By Sarah Lizee

Olympia, Wash., Aug. 23 – AmeriMark Interactive, LLC and its affiliated debtors reported a $1.11 million operating loss for July on $1.08 million of net sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

To compare, the debtors posted a $2.7 million operating income for June on $6.05 million of net sales.

The net loss for July was $49.14 million, compared to a net loss of $199,767 in June. The bulk of July’s net loss came from reorganization expenses.

The debtors had $5.7 million in cash and cash equivalents at the end of July, compared to $5.59 million at the end of June.

AmeriMark is a Cleveland-based direct marketer of women's apparel, shoes, cosmetics, fragrances, jewelry, watches, accessories and health-related merchandise. The company filed bankruptcy on April 11 under Chapter 11 case number 23-10438.

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