The red ink deepened in Q1 at Journeys’ parent company to a loss of $24,347,000 from $18,890,000 a year ago, on 5% lower revenues of $457,597,000 down from $483,332,000, with every banner reporting a decline. Same store sales fell 7%, but e-commerce grew by 3%, now representing 23% of the total. Overall gross margin inched lower to 47.3%, as fewer markdowns at Journeys and more direct-to-consumer sales were offset by a mix shift at Schuh. SG&A was 1% lower in dollars from cost savings initiatives and fewer stores, but deleveraged 220 ... Log in to view full article.