The old-school retailer lost almost a quarter of its value in pre-market trading after second quarter losses exceeded expectations.
A net loss of US$62.0mln – equivalent to 20 cents a share – represented a deterioration from a loss of US$56mln (18 cents) in the same quarter of 2016.
The adjusted loss per share of 9 cents was more than twice the 4 cents loss the market had been bracing for.
Like-for-like, or same store, sales were down 1.3% on year earlier.
Yoga studios operator YogaWorks (NASDAQ:YOGA) knows how to get down real low; it set its flotation price at US$5.50, the bottom end of its revised indicated range.
The company offloaded 7.3mln shares at the price, raising US$40mln.
The shares almost doubled in pre-market trading to US$3.91 as the dry-bulk carriers and offshore support vessels owner approved the sale of US$100mln worth of its common stock at US$2.75 a share to concert parties associated with chief executive George Economou.