Brief: Bluefly May Sell

FRAMINGHAM (08/11/2000) - New York-based online retailer Bluefly Inc. this week posted substantial revenue increases but announced that it is low on cash and might look for buyers. Bluefly, which bills itself as "the outlet store in your home," posted a loss of $5.3 million for the second quarter. The company has engaged New York-based Credit Suisse First Boston Corp. as a financial adviser and has formed an internal committee to evaluate three options for its future: raising more money, fashioning new partnerships or selling out.

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