The apparel and footwear resale marketplace’s net loss expanded 29% to $5,468,000 from a loss of $4,248,000 in the third quarter, on 7% higher sales of $88,230,000, up from $82,161,000, as active buyer count grew 16% to a record 1.82 million. Gross margin narrowed 110 basis points to 78.2%, while operating expenses ticked up 7%, but leveraged 50 b.p. to 84.2% of ... Log in to view full article.
