Net loss at the luxury skiwear and lifestyle brand widened 27% to $3,388,000 from a loss of $2,673,000 on sales that inched down 1% to $974,000 from $988,000 prior for the first quarter ended June 30. Direct-to-consumer e-commerce sales ticked down 4% to $922,000, driven by an increased number of e-commerce returns due to end-of-season discounting, while wholesale was up 68% to $52,000. Gross margin contracted 1220 basis points to 36.6%, however, ... Log in to view full article.
