Net loss for the fiscal first quarter ended June 30 was $2,612,000, lapping a $305,426,000 loss last year that included a big litigation reserve to settle a shareholder suit, as revenues slipped 4% to $1,134,068,000 from $1,183,665,000. The bottom line this year included about $13 million in restructuring charges. Wholesale channel sales dipped 5% to $649.1 million, as growth in the off-price channel and distributors was more than offset by full-price weakness. Direct-to-consumer fell 3% to $463.5 million, including a +1% store comp led by Factory House outlet stores and a ... Log in to view full article.