Net loss narrowed to just $1,407,000 in the third quarter against a loss of $12,875,000 a year ago, as revenues slipped 3% to $139,587,000 from $143,442,000, with blended comps up 2.0%, the first year-over-year improvement since Q4 ‘21. Brick-and-mortar sales dipped 1% to $110.3 million, comping up 5.3%, but e-commerce contracted 9% to $29.3 million due to a 51% reduction in clearance sales compared to last year. TLYS has closed 16 underperforming locations over the past year, ending with a streamlined fleet of 230 stores.

New CEO Nate Smith credited the comp ... Log in to view full article.