Net loss was $39,295,000 in the first quarter ended Apr. 30 against a profit of $12,043,000 last year as revenues tumbled 36% to $405,131,000 from $633,552,000, including a 34% drop in wholesale to $379 million and a 59% falloff in retail to $34 million. All its stores, along with most wholesale partner stores, were closed by the coronavirus pandemic for half the quarter starting in mid-March. Gross margin was just 30.7% down from 37.3%. Staff furloughs and other cost cutting reduced SG&A by 23%, but it still ... Log in to view full article.