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/CNW/ - Roots ("Roots," "Roots Canada" or the "Company") (TSX: ROOT), a premium outdoor-lifestyle brand, announced today financial results for its third.
Sales increased 22.9% year-over-year to $47.8 million Gross margin improved 120 basis points ("bps") to 59.3% Net loss was ($3.2) million compared to ($1.2).
Canadian clothing retailer Roots Corp. is heading into its busiest sales period with strong inventory levels and a "pack and hold" plan to deal with unsold merchandise.