Net income plunged 97% to just $309,000 in the final quarter from $12,058,000 last year, on a 12% revenue decline to $180,350,000 from $204,489,000, just beating guidance issued in early Jan. Blended comps were down 13.7%, including brick-and-mortar sales declining 11% to $135.0 million overall and comping down 14.1%, and e-commerce off 13% to $45.3 million. TLYS believes their customers have been hit hard by inflation, and competitors are also very promotional trying to clear elevated inventories. On the product side, men’s graphic tees continue to be strong sellers, with growing ... Log in to view full article.