Roots reports fourth-quarter loss as retailer takes large non-cash impairment charge
Roots Corp. ROOT-T reported a loss of $21.7-million in its fourth quarter as it took a large non-cash impairment charge. The retailer says the loss amounted to 54 cents per share for the quarter ended Feb. 1 as it recorded a $50-million impairment charge on intangible assets. The result compared with a profit of $14.6-million