The down-under parent of Rebel Sport and the BCF and Macpac outdoor banners saw a 4% increase in sales for the first 16 weeks of FY24, with overall comps up 2% lapping last year’s 20% jump over the prior year’s Covid restrictions. Gross margin improved modestly from last year despite the weakness of the Australian dollar impacting cost of goods sold. But inflationary pressures on wages, rents and electricity costs are expected to send SG&A expenses higher as a percentage of sales this year. E-commerce accounted for about 11% of total ... Log in to view full article.