Second quarter net income dropped 81% to $3,819,000 from $20,398,000 – lapping a near fourfold increase – on sales that were down 17% to $168,308,000 from $201,952,000. Total comps fell 16.4% against last year’s record Q2 performance as inflationary pressure took hold of consumers. Brick-and-mortar sales fell 17% to $137.1 million and comped down 16.5%, while e-commerce sales slipped 16% to $31.2 million, penetrating at 18.5% of sales. The quarter started with comps down 17% in May and declined further in June before improving in the final two weeks of the ... Log in to view full article.