Impairment charges totaling $60 million pulled Big Foot’s bottom line into the red in the third quarter, resulting in a net loss of $33 million against a $28 million profit, as revenues slipped just over 1% to $1,961 million from $1,989 million. Total comps increased 2.4%, more than offset by fewer doors this year than last. E-commerce penetration increased by 60 basis points to 17.6% of total sales, helped by the rollout of a new mobile app at the end of the quarter.

Footwear sales increased high-single digits, led by double-digit growth ... Log in to view full article.