Net loss narrowed 34% to $13,664,000 from $20,552,000 for the fourth quarter on sales that were down 15% to $147,288,000 from $173,020,000, lapping an additional $5.7 million in sales from the 53rd week last year. Blended comps were down 11.2%, and brick-and-mortar sales decreased 14% to $108.3 million, comping down 9.8%. The fleet closed at 240, a net decrease of eight. E-commerce sales dropped 18% to $39.0 million, comping down 14.8%.

Gross margin contracted 100 b.p. to 26.0%, as a 190 b.p. improvement in product margin on higher initial markups was offset ... Log in to view full article.