Net loss was $2,715,000 in the second quarter against a profit of $920,000 last year as revenues tumbled 38% to $99,822,000 from $162,039,000. The top line was impacted by $1.5 million in returns related to a dispute with a supplier, while profits were impacted by an increase in interest expense from $5.6 million compared to $4.3 million due to rising rates. Wholesale segment revenues dropped 46% to $71.5 million impacted by hesitant retailers focused on lowering their own inventories. Retail sales did better, declining just 4% to $25.1 million, and contract ... Log in to view full article.