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Article Date: June 2023
Word Count: 381

Tilly’s Sees Loss on Double-Digit Revenue Drop


The bottom line swung to a loss of $11,968,000 from profits of $813,000 in the prior year as sales dropped 15% to $123,637,000 from $145,775,000, and blended comps were down 17.5%. Brick and mortar sales dropped 17% to $97.8 million, comping down 19.7%. Traffic and transactions were off double-digits, falling 12% and 18%, respectively, while conversion dipped 6%. E-commerce sales tallied $25.8 million, down 9%, with an 8.3% negative comp. The negative results eased somewhat in April. By category, footwear comped down in the singles, while all others saw double-digit drops. ... Log in to view full article.

 


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