Net loss tripled to BRL 136,454,000 ($34.5 mm) from a loss of BRL 43,381,000 at the Brazilian footwear e-tailer on 3% lower sales at BRL 417,809,000 ($105.6 mm) against BRL 431,422,000 in the third quarter. Gross margin cratered to just 8.8% from 32.7% last year, with 19.9% of the decline attributed to the exit of its unprofitable B2B operations that also cost NETS a BRL 78 million writedown. Meanwhile, it closed the sale of its Mexican subsidiary to Grupo Sierra Capital ... Log in to view full article.