Net income was $8,878,000 in the first quarter, lapping a loss of $134,777,000 last year that included a $79.3 million impairment charge along with the impact of the pandemic, as revenues soared 93% to $538,695,000 from $279,232,000. GCO did not report comps for any of its banners, citing the store closures last year, but e-commerce was up 43%, improving on the strong 64% gain last year. Digital sales accounted for 25% of the total, up from 11% in Q1 ‘19. Including the big impairment charge, a total of $92.5 million in Covid-related costs hit the bottom line last year, but ... Log in to view full article.