Tilly’s Sales Fall 41% in Q1 despite Online Gains
Revenues tumbled to $77.3 million in the first quarter ended May 2 from $130.3 million last year including a 58% plunge in brick-and-mortar stores, which were open for only the first 45 of the 91 days in the quarter. On the bright side, e-commerce sales surged after stores were forced to close, gaining 54% to $30.4 million from $19.7 million last year. TLYS plans to reopen 26 of its stores on or about May 15 where permitted in AZ, FL, TX and UT, but there’s no indication when CA will allow retail to reopen. The Golden State accounts for about ... Log in to view full article.