The bottom line swung to a loss of $4,037,000 from last year’s $11,514,000 profit on net sales inching up 1% to $131,550,000 from $130,927,000 for the second quarter as DTC sales were down 1% to $98.8 million on lower site traffic. The retail segment (wholesale) posted 5% growth to $32.8 million on top of last year’s +57% result as order volume from strategic patterns continued to climb. Gross margin contracted 60 b.p. to 62.8% on inventory fair value write ups from prior year acquisitions, coming in flat excluding the inventory impact. ... Log in to view full article.