02:02 PM EST - Liquidation World Inc. : said it managed to keep revenues essentially flat in the quarter and year ended Oct. 7. The company, which sells consumer merchandise supplied by distressed companies or their trustees, plans to close most of its U.S. stores by the end of the month and hopes to return to profitability in fiscal 2008. Revenue rose slightly to $212.0 million in a 53-week fiscal 2007, including $53.3 million in a 14-week fourth quarter. That compared with $52.9 million in the fourth quarter of fiscal 2006, which was a more typical 13-week period, and annual revenues of $208.2 million during fiscal 2006, which was a standard 52-weeks long. Liquidation World Inc.
shares T.LQW are trading unchanged at $3.11.
