Net loss at the luxury skiwear and lifestyle brand widened 82% to $2,744,000 from a loss of $1,511,000 on sales that were down 35% to $3,833,000 from $5,888,000 prior for the second quarter ended Sep. 30. The sales decline was attributed to a $2.0 million loss from its collaboration with Hugo Boss that concluded in FY24. Direct-to-consumer e-commerce sales ticked up 8% to $1,155,000, driven by brand awareness, while wholesale was down 4% due to the timing of shipments. Gross margin contracted 170 basis points to ... Log in to view full article.