Editor
The Los Angeles-based e-commerce fashion retailer posted a 27 percent year-over-year increase in net sales — $290 million — in the three months ending on June 30, it reported Wednesday.
However, its net income, a measure of profitability, dropped significantly in the quarter, from $35.5 million last year to $16.3 million, due to rising costs of shipping and a much higher rate of returns.
Fuel surcharges in particular contributed to the…
