•Comparable store sales decreased 6.1% as compared with the prior year period. •Selling, general and administrative ("SG&A") expense decreased $20.7 million as compared with the second quarter of fiscal 2016. •Net loss in the current year second quarter was $33.2 million, or $1.64 per share, compared with net loss of $38.7 million, or $1.95 per share, in the second quarter of fiscal 2016. •Adjusted EBITDA totaled $9.1 million in the second quarter of fiscal 2017. Adjusted EBITDA in the second quarter of 2016 was $2.5 million. Click Read More below for additional detail.
Dive Brief: •Patagonia on Thursday opened its first ever physical store for Worn Wear, Patagonia’s resale business. The store is a pop-up in Boulder, Colorado, which will stay open until February 2020, according to a press release emailed to Retail Dive.
•The pop-up will be stocked with only Worn Wear products, as well as the outdoor retailer’s ReCrafted Collection, which sells clothes made from apparel that was beyond repair. In addition to selling used gear, the pop-up shop will host repair and upcycling workshops.
•Worn Wear was launched online in 2017 and has sold over 120,000 products to date.
more at source: https://www.retaildive.com/news/patagonia-opens-first-worn-wear-store/567533/