The company said, “The Company continues to focus on stabilizing the business and plans for sales to be in the range of $255 million to $270 million. The guided sales range incorporates not holding the Company’s annual outlet sale event and rebuilding of the wholesale business under new leadership, while also placing less emphasis on liquidation channels. Due to continued operational focus, the Company anticipates improvements in gross profit and SG&A rates, enabling operating loss improvement by 40% or better versus the prior year loss of ($21.7) million.”
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