Product Launch DelaysThe company's Reebok collection launches appear to be delayed, now expecting 2Q25 and 4Q25, previously 1Q25 and a second in mid-2025.
Retail Customer AcquisitionLUCY has yet to sign a major retail customer, and wholesale declined 11% y/y as the company prioritizes larger customer opportunities, which have not yet materialized.
Wholesale DeclineWholesale declined 27% y/y as the company prioritizes larger customer opportunities, which have not yet materialized.