Net loss in the first quarter was $3,295,000 against a loss of $5,244,000 last year, as revenues from continuing operations grew 2% to $61,938,000 from $60,433,000. Gross margin improved 230 basis points to 36.8%, helped by a favorable product mix at both Adventure and Outdoor, while SG&A was flat, deleveraging 110 b.p. on the slightly higher top line. Sales in the Outdoor segment increased 1% to $44.9 million, a result of a shift towards a premium, full-price model, while apparel continued to deliver strong sales for the fourth consecutive quarter. However, ... Log in to view full article.