The scrutiny follows a September 14, 2026, disclosure where the company reported an 18.9% decline in net sales, totaling $241.8 million. The shortfall pushed GAAP net losses to $31 million, with an adjusted loss of $0.82 per share, exceeding analyst projections of a $0.62 loss. Management blamed the results on a clearance-heavy inventory strategy and technical complications involving the migration of their e-commerce infrastructure to Salesforce.
Investors reacted sharply to the news, driving the stock price down to $1.90 per share by the close of trading on September 15. Pomerantz LLP, a firm specializing in securities class litigation, is now soliciting contact from affected shareholders to evaluate potential claims regarding breaches of fiduciary duty and corporate misconduct.




Comments (0)
No comments yet. Be the first!