Differential Brands Group: Q1 net sales drop 3 percent

Differential Brands Group Inc. has announced that total company net sales for the first quarter decreased by 3 percent to 38.8 million dollars, however consumer direct segment posted a sales rise of 12 percent. The company added that comparable retail stores net sales at both Robert Graham and Swims increased 16 percent driven by both full price and outlet stores contributing strong double-digit sales gains across the brands. Wholesale segment sales declined 8 percent as improvements at Robert Graham were offset by reductions at Hudson and Swims.