The struggling bike and tennis e-tailer’s net sales dropped 23% in the second quarter ended Mar. 31 to €195.3 million ($209.5 mm) from €255.2 million a year ago, while adjusted EBITDA loss nearly quadrupled to €59.1 million ($63.4 mm) from a loss of €15.1 million. Demand for bikes remains subdued, SSU said, amidst broader uncertainty in the macroeconomic environment, but tennis sales are still growing. The company is taken action to clear aged stocks before the end of the year, and it is making some progress, with inventory down 18% year-over-year ... Log in to view full article.