The footwear maker’s net income declined 39% in the first half to $297,000 from $489,000, as sales tumbled 41% to $3,085,000 from $5,261,000, hit with shrinking market demand. Footwear products accounted for just $784,000 in sales, generating a loss of $383,000, while rental revenue was $2,301,000 and contributed $2,129,000 to the bottom line. Gross margin improved 970 basis points to ... Log in to view full article.
