performance was in line with our expectations, registering $80 million of net sales in the second quarter and delivering 12% growth on a two-year basis. “I’m also pleased that we continued to strengthen our balance sheet by way of strategically reducing inventories, which were down 16% since the end of fiscal 2022, and we paid down $12.5 million of debt in the quarter. “We continue to execute against our strategic initiatives and have made significant improvements in our operating efficiencies, which enabled us to deliver on our adjusted EBITDA and cash flow expectations for the second quarter,” said Ciaran Long, Interim Chief Executive Officer and Chief Financial Officer. Adjusted EBITDA 2 was $5.6 million, or 4.1% of net sales, compared to $5.9 million, or 3.7% of net sales in the second quarter of 2022.Net loss was $(5.0) million or $(0.04) per share, and (3.7%) of net sales in the second quarter of 2023, compared to net loss of $(4.2) million or $(0.03) per share, and (2.7%) of net sales in the second quarter of 2022.

In the U.S., net sales decreased 2.8% compared to the second quarter of 2022 and grew 12.3% on a two-year stack.Net sales decreased 14.2% to $136.0 million, compared to $158.5 million in the second quarter of 2022 down 11% in Constant Currency 1.(NYSE: AKA ), a brand accelerator of next generation fashion brands, today announced financial results for the second quarter ended June 30, 2023. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business.Strengthens Balance Sheet Through Inventory Reduction and $12.5 Million Debt PaydownĮxpands Princess Polly Wholesale Partnership with PacSunĪ.k.a.

BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. As of today I still have no resolve because the merchant is not responding to the claim from my bank! Hopefully my complaint and the countless others will help the next person from becoming a victim to their shady business practices!īBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. If let me with the only option to file a dispute with my bank. I contacted the merchant again and forwarded the email correspondence. The courier acknowledged that the packed was not delivered to my home and I needed to file a dispute with the merchant. I contacted the merchant who directed me to contact the courier service in which I did. I live anywhere from 45 minutes to an hour from Kennesaw so that’s impossible even if it was being delivered on a G5. I reviewed tracking and saw were the item was received at a sorting facility in Kennesaw at 19:05 and marked delivered to me at 19:06. I received a delivery notification that my ordered had been delivered on 12/19/22 but I hadn’t received a delivery. As of today, Mathe business has not responded to our request. On MaBBB notified the business of our concerns and requested their voluntary cooperation in eliminating the pattern of consumer complaints. Consumers also indicate customer service is lacking as they do not provide assistance. Reports also indicate some consumers received their original purchased items. Other customers have indicated they have never received replacement items or refund. When tracking shows items have been return customers reach out to the company in regards to the refund but company fails to process the refund.

Some customer will reorder items and others send the return and wait for a refund. Upon contacting the company for a return company will provide a return label and consumers. However when they request a return the company fails to refund money. Customers allege the company has a statement of easy returns and refunds on website. BBB files indicate that this business has a pattern of complaints concerning issues with company returns and online purchases.

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