Successful Launch of 'The Pass' Shipping Subscription
The Pass offers members discounted or free shipping and special promotions, driving customer loyalty and engagement. Early adoption has been successful, creating new opportunities for brand partners.
Book Friday Promotion Success
The Book Friday event led to increased customer activity, allowed movement of excess inventory, generated cash flow, and created community energy.
Hilti Complex Building Sale Agreement
A purchase sale agreement for the Hilti Complex was executed with a new buyer, expected to fully pay off bank debts and leave the company with no debt.
Reduction in Loss Before Taxes
Loss before taxes declined from $2.2 million in the previous year to $1.5 million, reflecting a focus on reducing expenses.
Decrease in Net Inventories
Net inventories decreased by $10.9 million from $55.6 million to $44.7 million, aiding in better cash flow management.