Lovesac's (LOVE) Shares Up on Narrower Than Expected Q1 Loss

The quarter's results reflect a 14.8% decline in omnichannel comparable net sales and a 9% decline in internet sales. This downtick was reflected in the soft contributions from the company's reportable segments and was partially offset by the net addition of 35 new showrooms compared with the year-ago period. Nonetheless, going forward, the company aims to focus on its omnichannel infinity flywheel, which has been designed for the life platform and advantaged supply chain. The omnichannel infinity flywheel ...